EANS-News: ANDRITZ subsidiary Schuler takes over leading toolmaker AWEBA
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Company Information
Graz, April 13, 2016. Schuler AG, a member of international technology Group
ANDRITZ, is to take over AWEBA Werkzeugbau GmbH Aue, one of Europe's leading
toolmakers, and is thus further extending its activities in this business
segment. The transaction is subject to approval by the antitrust authorities,
and the parties have agreed not to disclose the details of the purchase
contract.
AWEBA is based in Aue in the German Federal State of Saxony and generates
annual sales of approximately 60 million euros with around 600 employees.
The company supplies international customers from the automotive supply and
electrical industries, as well as in the mechanical and plant engineering
sectors. The product portfolio includes dies for forming, die-casting, and
cutting, as well as precision parts and die-related automation equipment.
AWEBA complements Schuler's product portfolio in metalforming and extends
the company's existing activities in toolmaking.
- End -
The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services
for hydropower stations, the pulp and paper industry, the metalworking and
steel industries, and for solid/liquid separation in the municipal and
industrial sectors. The publicly listed technology Group is headquartered in
Graz, Austria, and has a staff of almost 24,500 employees worldwide. ANDRITZ
operates over 250 sites worldwide.
Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, 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
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sector: Machine Manufacturing
ISIN: AT0000730007
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language: English
Original-Content von: Andritz AG, übermittelt durch news aktuell