Andritz AG

euro adhoc: Andritz AG
Mergers - Acquisitions - Takeovers
Andritz expands product portfolio in Rolling Mills and Strip Processing Lines Area (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Graz, 17 September 2004.  International Andritz Group has purchased certain assets and know how of insolvent Otto Kaiser GmbH, headquartered in Bretten, Germany, a manufacturer of high-performance mechanical presses for the processing of steel strip into stampings and drawing parts.  

The acquisition of assets of Otto Kaiser GmbH, whose annual sales amounted to approx. 30 to 35 MEUR before becoming insolvent this summer, enables Andritz to extend its range of products for the business area Rolling Mills and Strip Processing Lines to machinery and equipment for the "downstream" area of strip finishing.  The stamping and cutting presses offered by Kaiser are mainly used in the automotive supplier industry, supplementing strip slitters, cut-to-length equipment, as well as integrated cutting lines for tailored blanks that are currently offered by  Andritz.

"Otto Kaiser’s product and technology portfolio is a valuable supplement to our existing product range.  The acquisition is a logical continuation of this business area’s strategic focus on value added steel strip production", says Andritz CEO Wolfgang Leitner.

About the Andritz Group Publicly listed Andritz Group is a global market leader for advanced production systems for pulp and paper, steel and other specialized industries.  As of June 30, 2004, Andritz had a staff of 4,885 employees worldwide.  It develops and makes its high-tech systems at 16 production sites (Austria, Germany, Finland, Denmark, France, Netherlands, USA, Canada, and China).

Disclaimer Certain statements contained in this report constitute "forward-looking statements". These statements, which contain the words "believe", "intend", "expect" and words of similar meaning, reflect management’s beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to publicly announce the result of any revisions to the forward-looking statements made herein, except where it would be required to do so under applicable law.

end of announcement            euro adhoc 17.09.2004
---------------------------------------------------------------------

Further inquiry note: Michael Buchbauer Head of Investor Relations Tel.: +43 316 6902 2979 Fax: +43 316 6902 465 mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN:      AT0000730007
WKN:        
Index:    ATX, ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing



Weitere Meldungen: Andritz AG

Das könnte Sie auch interessieren: