EANS-News: ANDRITZ receives approval from anti-trust authorities for the acquisition of Schuler AG
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Company Information
Graz (euro adhoc) - Graz, February 7, 2013. International technology Group
ANDRITZ announces that the takeover of a majority interest in publicly listed
Schuler AG, Germany, has received full and unrestricted approval from the
anti-trust authorities responsible. Enforcement will take place during the next
few days; ANDRITZ will then own more than 90% of the shares in Schuler AG.
As the technological and global market leader in metalforming, Schuler supplies
machines, production lines, dies, process know-how, and services for the entire
metal-working industry. With this acquisition, ANDRITZ is expanding its product
and service portfolio in the METALS business area. The first-time consolidation
of Schuler in the ANDRITZ consolidated financial statements will take place from
March 1, 2013.
- End -
The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid/liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for other sectors including automation, pumps,
machinery for nonwovens and plastic films, steam boiler plants, biomass boilers
and gasification plants for energy generation, flue gas cleaning plants, plants
for the production of panelboard (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz,
Austria, and has a staff of about 17,700 employees worldwide. ANDRITZ operates
over 180 production sites as well as service and sales companies all around the
world.
Schuler AG
As the technological and global market leader in metalforming, Schuler supplies
machines, production lines, dies, process know-how, and services for the entire
metal-working industry. Its clients include car manufacturers and their
suppliers, as well as companies in the forging, household appliances, packaging,
energy, and electrical industries. Schuler is also a market leader in coin
minting technology and supplies system solutions for the aerospace and railway
industries. The company employs around 5,500 people and is represented by its
facilities and sales offices in 40 countries around the world. In the 2011/12
business year, Schuler posted sales of around 1,226 million Euros and an EBITDA
margin of 9.6%.
Further inquiry note:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@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 von: Andritz AG, übermittelt durch news aktuell