NewswireToday - /newswire/ -
Graz, Austria, 2012/06/26 - International technology Group ANDRITZ has acquired Soutec AG, based in Neftenbach, Switzerland, including its subsidiaries in China and the USA, from VTC Industrieholding, Germany - ANDRITZ.com. Reuters: ANDR.VI
The company has around 90 employees and generates annual sales of approximately 30 MEUR. It was agreed not to disclose the purchase price.
ANDRITZ Soutec is a leading global supplier of laser and rolled seam resistance welding systems for the metalworking industry. These welding systems are used in particular to manufacture light components, for example car body parts (tailor welded blanks), fuel tanks, or exhaust components for various industries.
About The ANDRITZ GROUP
International technology Group ANDRITZ (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, solid/liquid separation in the municipal and industrial sectors, the steel industry, and the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies for certain other sectors including automation, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboard (MDF), thermal sludge utilization, and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria and has a staff of more than 17,000 employees worldwide. ANDRITZ operates over 180 production sites, service, and sales companies all around the world.
About ANDRITZ METALS
ANDRITZ METALS is one of the leading global suppliers of complete lines for the production and further processing of cold-rolled carbon steel, stainless steel, and non-ferrous metal strip. These lines consist of equipment for cold rolling, heat treatment, surface finishing, strip coating and finishing, punching and deep drawing, and for pickling acid regeneration. The business area also supplies turnkey industrial furnace systems for thermal processes, such as heat treatment of slabs and forged pieces, as well as refining furnaces for the copper industry.