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ANDRITZ Subsidiary Schuler Takes Over Leading Toolmaker AWEBA - Schuler AG, a member of international technology Group ANDRITZ, is to take over AWEBA Werkzeugbau GmbH Aue, one of Europe's leading toolmakers, and is thus further extending its activities in this business segment - AWEBA.de / ANDRITZ.com
ANDRITZ Subsidiary Schuler Takes Over Leading Toolmaker AWEBA

 

NewswireToday - /newswire/ - Aue, Germany, 2016/04/13 - Schuler AG, a member of international technology Group ANDRITZ, is to take over AWEBA Werkzeugbau GmbH Aue, one of Europe's leading toolmakers, and is thus further extending its activities in this business segment - AWEBA.de / ANDRITZ.com. Reuters: ANDR.VI

   
 
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The transaction is subject to approval by the antitrust authorities, and the parties have agreed not to disclose the details of the purchase contract.

AWEBA (aweba.de) is based in Aue in the German Federal State of Saxony and generates annual sales of approximately 60 million euros with around 600 employees. The company supplies international customers from the automotive supply and electrical industries, as well as in the mechanical and plant engineering sectors. The product portfolio includes dies for forming, die-casting, and cutting, as well as precision parts and die-related automation equipment.

AWEBA complements Schuler's product portfolio in metalforming and extends the company's existing activities in toolmaking.

About The ANDRITZ GROUP

ANDRITZ (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of almost 24,500 employees worldwide. ANDRITZ operates over 250 sites worldwide.

 
 
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Written by / Agency / Source: ANDRITZ AG

 
 

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ANDRITZ Subsidiary Schuler Takes Over Leading Toolmaker AWEBA

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AWEBA Werkzeugbau GmbH | Schuler AG
Publisher Contact: Michael Buchbauer - ANDRITZ.com 
+43(316) 6902 2979 michael.buchbauer[.]andritz.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANDRITZ AG securities in any jurisdiction including any other companies listed or named in this release.

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