Andritz AG

EANS-News: ANDRITZ subsidiary Schuler takes over leading toolmaker AWEBA

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Company Information

Graz, April 13, 2016.  Schuler AG, a member of international technology Group 
ANDRITZ, is to take over AWEBA Werkzeugbau GmbH Aue, one of Europe's leading 
toolmakers, and is thus further extending its activities in this business 
segment. The transaction is subject to approval by the antitrust authorities, 
and the parties have agreed not to disclose the details of the purchase
contract.

AWEBA is based in Aue in the German Federal State of Saxony and generates 
annual sales of approximately 60 million euros with around 600 employees. 
The company supplies international customers from the automotive supply and 
electrical industries, as well as in the mechanical and plant engineering 
sectors. The product portfolio includes dies for forming, die-casting, and 
cutting, as well as precision parts and die-related automation equipment. 

AWEBA complements Schuler's product portfolio in metalforming and extends 
the company's existing activities in toolmaking. 

- End -

The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services 
for hydropower stations, the pulp and paper industry, the metalworking and 
steel industries, and for solid/liquid separation in the municipal and 
industrial sectors. The publicly listed technology Group is headquartered in 
Graz, Austria, and has a staff of almost 24,500 employees worldwide. ANDRITZ 
operates over 250 sites worldwide.

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

end of announcement                               euro adhoc 
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company:     Andritz AG
             Stattegger Straße 18
             A-8045 Graz
phone:       +43 (0)316 6902-0
FAX:         +43 (0)316 6902-415
mail:     welcome@andritz.com
WWW:      www.andritz.com
sector:      Machine Manufacturing
ISIN:        AT0000730007
indexes:     WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien 
language:   English
 

Original-Content von: Andritz AG, übermittelt durch news aktuell

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