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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
Graz - October 17, 2018. International technology group ANDRITZ today announced
the successful closing of its previously announced acquisition of Xerium
Technologies, Inc.
Xerium, headquartered in Youngsville, North Carolina, is a global manufacturer
and supplier of machine clothing (forming fabrics, press felts, drying fabrics)
and roll covers for paper, tissue, and board machines, including maintenance and
aftermarket services. With its Smart® technology, the company provides a
sophisticated digital software tool to optimize pressing performance by means of
sensors integrated into the roll covers.
ANDRITZ, headquartered in Graz, Austria, is a globally leading supplier of
plants, equipment, and services for hydropower stations, the pulp and paper
industry, the metal working and steel industries, and for solid/liquid
separation in the municipal and industrial segments.
- End -
ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, the metal working and steel
industries, and for solid/liquid separation in the municipal and industrial
segments. Other important fields of business are animal feed and biomass
pelleting, as well as automation, where ANDRITZ offers a wide range of
innovative products and services in the IIoT (Industrial Internet of Things)
sector under the brand name of Metris. In addition, the international technology
Group is active in power generation (steam boiler plants, biomass power plants,
recovery boilers, and gasification plants) and environmental technology (flue
gas cleaning plants) and offers equipment for the production of nonwovens,
dissolving pulp, and panelboard, as well as recycling plants.
A passion for innovative technology, absolute customer focus, reliability, and
integrity are the central values to which ANDRITZ commits. The listed Group is
headquartered in Graz, Austria. With over 160 years of experience, circa 30,000
employees, and around 280 locations in over 40 countries worldwide, ANDRITZ is a
reliable and competent partner and helps its customers to achieve their
corporate and sustainability goals.
Further inquiry note:
Dr. Michael Buchbauer
Head of Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
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issuer: 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
ISIN: AT0000730007
indexes: WBI, ATX
stockmarkets: Wien
language: English
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE
