Rieter Acquires 25% Share in of Electro-Jet

The Rieter Group has completed the acquisition of a 25% stake in Electro-Jet S.L. on December 14th upon approval by the Spanish antitrust authority.

Based in Gurb, Spain, Electro-Jet generated annual sales of around 25 million euro in 2017, and employs around 135 people. The joint development of innovative products is also planned as part of the strategic partnership.