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Andritz AG

euro adhoc: Andritz AG
Mergers - Acquisitions - Takeovers
Andritz expands product portfolio in Rolling Mills and Strip Processing Lines Area (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Graz, 17 September 2004.  International Andritz Group has purchased
certain assets and know how of insolvent Otto Kaiser GmbH,
headquartered in Bretten, Germany, a manufacturer of high-performance
mechanical presses for the processing of steel strip into stampings
and drawing parts.
The acquisition of assets of Otto Kaiser GmbH, whose annual sales
amounted to approx. 30 to 35 MEUR before becoming insolvent this
summer, enables Andritz to extend its range of products for the
business area Rolling Mills and Strip Processing Lines to machinery
and equipment for the "downstream" area of strip finishing.  The
stamping and cutting presses offered by Kaiser are mainly used in the
automotive supplier industry, supplementing strip slitters,
cut-to-length equipment, as well as integrated cutting lines for
tailored blanks that are currently offered by  Andritz.
"Otto Kaiser’s product and technology portfolio is a valuable
supplement to our existing product range.  The acquisition is a
logical continuation of this business area’s strategic focus on value
added steel strip production", says Andritz CEO Wolfgang Leitner.
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.  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 report 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 17.09.2004

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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