 |
 |
||||||
[June 2004]
Andritz Acquires Netzsch Group's Filtration Business
International technology group Andritz reports that it has signed an agreement to buy the Filtration Business Unit of Netzsch Group. The parties did not disclose the purchase price. The acquisition is subject to approval by anti-trust 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. With around 270 employees, it achieves annual sales of approximately €35 million.
With this acquisition, the Andritz Group enlarges its system know-how in the environment and process business areas. Andritz will take over business locations in Germany, Slovakia, Brazil, Singapore and India.
www.netzsch.com
www.andritz.com
ENDS