Rapid Holding AG engages in the manufacture of agricultural equipment and provision of engineering services and manages real estate properties. It operates through the following divisions: Industrial, and Real Estate. The Industrial division focuses on production and distribution of rapid single-axle appliances, tractors and special vehicles, engineering solutions and contract manufacturing. The Real Estate division consists two companies Rapid M+F Services AG and, Logotherm AG, which engages in the financing, development, and management of real estate properties. The comapny was founded by Karl Welter and Arnold Rutishauser in 1926 and is headquartered in Killwangen, Switzerland.