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EANS-News: ANDRITZ acquires RITZ Pumpenfabrik, Germany

Graz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Graz, November 2, 2010.  International technology
Group ANDRITZ has signed a contract to acquire RITZ Pumpenfabrik GmbH
& Co. KG, based in Schwäbisch Gmünd, Germany, including various 
affiliates. The company has approximately 280 employees and generates
annual sales of about 40 MEUR. It was agreed not to disclose the 
purchase price; the contract is subject to approval by the relevant 
authorities and is expected to come into force in the fourth quarter 
of 2010.
By acquiring RITZ, ANDRITZ is strengthening and complementing its 
product range in the pumps sector. The pumps manufactured by RITZ are
used mainly in the water supply and mining sectors, as well as in 
offshore and subsea applications. The special motors required to 
drive submersible pumps are also developed and manufactured by RITZ.
- End -
The ANDRITZ GROUP The ANDRITZ GROUP is a global market leader for 
supply of systems and services to 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 13,500 employees worldwide. ANDRITZ 
operates over 120 production sites, service and sales companies all 
around the world.
end of announcement                               euro adhoc

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

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

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Plus de actualités: Andritz AG