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Written by / Agency / Source: ANDRITZ AG

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ANDRITZ Acquires Iggesund Tools, Sweden - International technology Group ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries - Andritz.com
ANDRITZ Acquires Iggesund Tools, Sweden

 

NewswireToday - /newswire/ - Graz, Austria, 2011/07/18 - International technology Group ANDRITZ has acquired Iggesund Tools International AB, headquartered in Iggesund, Sweden, including its subsidiaries in the USA, Canada, and other countries - Andritz.com. Reuters: ANDR.VI

   
 
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The acquired companies have approximately 160 employees and generate annual sales of about 25 MEUR. It was agreed not to disclose the purchase price.

Iggesund Tools – now ANDRITZ Iggesund Tools – supplies wood chipping and debarking equipment (mainly chipper knife systems) for pulp and saw mills. The ANDRITZ PULP & PAPER business area is thus strengthening and complementing its service offerings in the wood processing area.

The ANDRITZ GROUP

The ANDRITZ GROUP (andritz.com) is a globally leading supplier of plants and services for the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed, and biofuel). The Group is headquartered in Graz, Austria, and has a staff of approximately 15,900 employees worldwide. ANDRITZ operates over 120 production sites, service, and sales companies all around the world.

 
 
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Written by / Agency / Source: ANDRITZ AG

 
 

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ANDRITZ Acquires Iggesund Tools, Sweden

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ANDRITZ AG |
Publisher Contact: Dr. 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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