Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Rational AG is a German manufacturer and retailer of combi steamers and ovens, cooking appliances suitable for large and commercial kitchens. The company is based in Landsberg am Lech, Germany, and was founded by Siegfried Meister in 1973.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedClosed Russian Business.
On June 1, 2022, the Supervisory Board and the Executive Board of Rational AG voted unanimously to suspend business operations in Russia and to close its distribution company, based in Moscow, by the end of 2022. RATIONAL has made this decision in response to the economic and political developments resulting from the Russian war in Ukraine. The company's withdrawal will be gradual and controlled so that it can continue to meet existing customer and employee obligations. 12.2023: The legal entity was liquidated.
| June 07, 2022 | RATIONAL to begin controlled exit from Russian market |