Approval for acquisition

International technology Group ANDRITZ has agreed with the authorities responsible for the insolvency proceedings on the acquisition of AE&E Austria GmbH & Co KG. The ANDRITZ tender offer to A-TEC was approved on December 2, 2010. ANDRITZ will finance a bailout plan in coordination with the responsible financial rehabilitation body of AE&E Austria GmbH & Co KG in order to stabilize the company.

 

ANDRITZ AG, Graz (A), Tel.: +43 316 6902-0,

www.andritz.com

This article appeared in

AT 01-02/2011

This article appeared in

AT 01-02/2011

Ressort:  NEWS
subscription Content
x

Related articles:

Issue 11/2010

Acquisition of Delkor Capital Equipment

The ANDRITZ AG announces the acquisition of the Delkor Capital Equipment Company. Originally formed in 1975 as Delkor Technik (pty) Ltd., the company was sold to the IST Group 2003 before it was...

more

Changes in the ANDRITZ AG Executive Board

At the end of the Annual General Meeting deciding on the discharge for the 2021 business year (scheduled for April 12, 2022), Wolfgang Leitner will end his functions on the ANDRITZ AG Executive Board...

more
Issue 10/2021

Rema Tip Top AG strengthens ­market position­ in Austria

Rema Tip Top AG acquires Kubicek Fördertechnik GmbH. The acquisition of this single-source range supplier of conveying technology based in Glinzendorf/Austria, sees the Group further expand its...

more
Issue 11/2022 170th anniversary

ANDRITZ AG: From an iron foundry to one of the globally leading technology Groups

Exactly 170 years ago, the Hungarian Josef Körösi founded the “k. k. privilegierte Maschinenfabrik und Eisengießerei” in Andritz near Graz/Austria, thus laying the foundation for the globally...

more
Issue 10/2010

Change at the Executive Board

Franz Hofmann, who has been member of the Executive Board of ANDRITZ AG since 1999 and responsible for the METALS and the ENVIRONMENT & PROCESS business areas as well as for Automation on a Group-wide...

more