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17.02.2006 – 09:39

Andritz AG

euro adhoc: Andritz AG
Mergers - Acquisitions - Takeovers
Andritz and Siemens Österreich reach agreement about acquisition of VA TECH Hydro

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Graz, 17 February 2006. Andritz and Siemens Österreich today reached
an agreement about the key issues regarding the purchase of VA TECH
Hydro by Andritz.  Exclusive negotiations are to be started
immediately.  The contract shall be concluded very quickly in
compliance with the stipulations by the EU anti-trust authorities.
The acquisition of VA TECH Hydro ideally complements Andritz’s
product portfolio. Due to its financial strength and proven
experience in VA TECH Hydro’s area of activity Andritz will not only
secure the competitiveness of VA TECH, but also increase it by using
the existing Andritz business activities.
The same also applies to the production site in Weiz whose
competitiveness will be secured by a strong expansion of the already
existing cooperation with the Andritz manufacturing in Graz. By doing
so, Andritz is confident to shift as sizeable volume to the Weiz
production site, or, in case of a reduction of contractual production
in Weiz, to compensate it by shifting production from other Andritz
sites to Weiz.
About Andritz Publicly listed Andritz Group is a global market leader
in advanced production systems for the pulp and paper, steel, and
other specialized industries.  Andritz has a staff of approximately
5,900 employees worldwide.  It develops and manufactures its
high-tech systems at 15 production sites in Austria, Germany,
Finland, Denmark, France, the Netherlands, the USA, Canada, and
end of announcement                               euro adhoc 17.02.2006 09:03:54

Further inquiry note:

Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

Original content of: Andritz AG, transmitted by news aktuell