Andritz acquires Filtration Business Unit of German NETZSCH Group
June 1, 2004 - International technology group Andritz has signed an agreement to buy the Filtration Business Unit of international NETZSCH Group, based in Germany. The parties have agreed not to disclose the purchase price. The acquisition is subject to the approval by antitrust authorities. The transaction is scheduled to close in July 2004.
The NETZSCH Filtration Business Unit supplies different types of dewatering units, in particular filter presses, for solid/liquid separation in industrial and municipal applications. With approx. 270 employees it achieves annual sales of approx. 35 MEUR.
With this acquisition, the Andritz Group enlarges its system know-how in the Environment and Process Business Area. Andritz will take over locations of the NETZSCH Filtration Business Unit in Germany, Slovakia, Brazil, Singapore, and India.
“The acquisition of the NETZSCH Filtration Business Unit will complement our product and technology know-how in the Environment and Process Business Area. It will enable us to participate in the globally growing market for dewatering systems,“ says Andritz CEO Dr. Wolfgang Leitner.
“The Andritz Group is a good environment for the future development of the NETZSCH Filtration Business Unit and its employees”, says Dr. Otto Max Schaefer, Managing Director of the Erich Netzsch Holding. “The sale of the Filtration Business Unit in the course of our ongoing profit improvement program will allow us to focus our resources on the Business Units “Analyzing & Testing”, “Grinding & Dispersing”, and “Pumps”.
About the
Andritz Group
Publicly listed Andritz Group is a global market leader for advanced production
systems and service for pulp and paper, steel and other specialized industries.
As of March 31, 2004, Andritz had a staff of 5,008 employees worldwide.
It develops and makes its high-tech systems at 16 production sites (Austria,
Germany, Finland, Denmark, France, Netherlands, USA, Canada and China).
www.andritz.com
About the
NETZSCH Group
The NETZSCH Group is a mid-sized German industrial goods corporation with
26 manufacturing facilities and service centers around the world. In 2003,
the four NETZSCH Business Units ”Analyzing & Testing“,
”Filtration“, ”Grinding & Dispersing“, and
”Pumps“ generated consolidated sales of Euro 192 million with
2,070 employees worldwide.
www.netzsch.com
Press contact:
NETZSCH Werbe- und Service- GmbH
Hans-Jürgen Groh
Wittelsbacherstraße 42
D-95100 Selb
Tel: +49 9287 881160
Fax: +49 9287 881166
h.j.groh@nws.netzsch.com
