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Andritz AG

euro adhoc: Andritz AG
Mergers - Acquisitions - Takeovers
Andritz acquires VA TECH WABAG’s Fluid Bed Systems Business Area (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Graz, 03 September 2004.  International technology group Andritz,
continuing its strategy of acquiring companies with complementary
products, signed an agreement to buy the Fluid Bed Systems Business
Area of VA TECH WABAG, Germany.  The parties have agreed not to
disclose the purchase price.  The acquisition is subject to the
approval by antitrust authorities, and is scheduled to become
effective by the end of October 2004.
Based in Ravensburg, Germany, the globally active Fluid Bed Systems
Business Area is specialized in the development, production and
erection of plants for granulation and drying of solutions,
suspensions, and bulk materials.
The majority of the business area's total sales of approx. 15 to 20
MEUR is to chemical and petrochemical production companies.  The
remaining is to the food and basic materials industries.
"By acquiring the Fluid Bed Systems Business Area of VA TECH WABAG we
can further complete our product and process know-how in the
Environment and Process Business Area, enabling us to offer our
customers a broad range of products for various drying technology
applications," says Wolfgang Leitner, President and CEO of Andritz.
About the Andritz Group
The Andritz Group- listed on the Vienna Stock Exchange - 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 press release 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 03.09.2004

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

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

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