Press release

euro adhoc: Andritz AG / other / Successful closing of the VA TECH Hydro acquisition

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

01.06.2006

Graz, 1 June 2006.  As announced at the beginning of April 2006,
Siemens Austria and Andritz AG have signed a purchase agreement for
acquisition of the hydropower section of VA TECH Hydro.  Following
approval by the relevant antitrust authorities, the parties have
closed the transaction successfully.  VA TECH Hydro will be included
in the consolidated financial statements of the Andritz Group as of 1
July 2006.

"The Andritz Group looks back on many years of internationally
recognized experience in water turbine design and construction.  The
purchase of VA TECH Hydro allows us to extend our product portfolio
in this field substantially and to rise from a niche player status to
that of a globally leading supplier of water turbines with a global
presence", says Dr. Wolfgang Leitner, Chief Executive Officer of
Andritz AG, voicing contentment with the VA TECH Hydro purchase.

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.  Andritz has about 6,000
employees worldwide.  It develops and makes its high-tech systems at
30 production sites in Austria, Germany, Finland, Denmark, France,
Netherlands, USA, Canada, and China.

end of announcement                               euro adhoc 01.06.2006 07:30:00

Further inquiry note:

Dr. 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: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

Permalink:

https://www.presseportal.de/en/pm/54966/830386