EANS-News: ANDRITZ acquires Iggesund Tools, Sweden
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Mergers - Acquisitions - Takeovers
Graz (euro adhoc) - Graz, July 18, 2011. International technology Group ANDRITZ
has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden,
including its subsidiaries in the USA, Canada, and other countries. The acquired
companies have approximately 160 employees and generate annual sales of about 25
MEUR. It was agreed not to disclose the purchase price.
Iggesund Tools - now ANDRITZ Iggesund Tools - supplies wood chipping and
debarking equipment (mainly chipper knife systems) for pulp and saw mills. The
ANDRITZ PULP & PAPER business area is thus strengthening and complementing its
service offerings in the wood processing area.
- End -
The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants and services for the
hydropower, pulp and paper, metals, and other specialized industries
(solid/liquid separation, feed, and biofuel). The Group is headquartered in
Graz, Austria, and has a staff of approximately 15,900 employees worldwide.
ANDRITZ operates over 120 production sites, service, and sales companies all
around the world.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, 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 of: Andritz AG, transmitted by news aktuell