Reference transaction
Advisor to RITTEC Umwelttechnik GmbH
on the sale to Level8 GmbH
RITTEC was founded in 2017 and is based in Lüneburg (Germany). The company developed a highly innovative technology for the advanced recycling of mixed PET packaging and polyester textile waste. It offers a solution to one of the biggest recycling challenges in the textile industry.
Level8 GmbH, a subsidiary of Bingo Germany GmbH, focuses on the recycling of polyester textiles and textile components. The company plans to integrate the technology into its portfolio and develop it further through its broad network in the German textile industry.
