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Andritz AG

EANS-Adhoc: ANDRITZ: approval for acquisition of AE&E GmbH & Co KG

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
03.12.2010
Graz, December 3, 2010.  International technology Group ANDRITZ has 
agreed with the authorities responsible for the insolvency 
proceedings on the acquisition of AE&E Austria GmbH & Co KG. The 
ANDRITZ tender offer to A-TEC was approved on December 2, 2010 in the
evening. ANDRITZ will finance a bailout plan in coordination with the
responsible financial rehabilitation body of AE&E Austria GmbH & Co 
KG in order to stabilize the company. The parties agreed not to 
disclose the purchase price.
With approximately 350 employees in Graz and Vienna the acquired 
company has annual sales of approximately 200-300 MEUR. With this 
purchase, ANDRITZ strengthens and complements its product range in 
its PULP & PAPER and ENVIRONMENT & PROCESS business areas.
- End -
The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants and services for the hydropower, pulp and paper, metals, and 
other specialized industries (solid/liquid separation, feed and 
biofuel). The Group is headquartered in Graz, Austria, and has a 
staff of approximately 14,300 employees worldwide. ANDRITZ operates 
over 120 production sites, service, and sales companies all around 
the world.
end of announcement                               euro adhoc

Further inquiry note:

Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Plus de actualités: Andritz AG
Plus de actualités: Andritz AG