International technology group Andritz has signed an agreement to buy the filtration business unit of NETZSCH Group, based in Germany. The acquisition is subject to the approval by antitrust authorities, and 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 approximately 270 employees, it has annual sales of nearly $42.6 million.
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,” said 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,” said 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 and testing, grinding and dispersing, and pumps.
Andritz Acquires Filtration Business Unit of NETZSCH
Published October 10, 2005
blog comments powered by Disqus