NewswireTODAY - /newswire/ - Graz, Austria, 2024/05/15 - Following approval by the relevant authorities, the acquisition of NAF AB business by international technology group ANDRITZ has been completed - NAF.se / ANDRITZ.com. Reuters: ANDR.VI

This acquisition further strengthens the ANDRITZ product portfolio in the field of process control and automation systems for pulp and paper mills and other process plants.

ANDRITZ has successfully equipped its production plant and equipment deliveries with NAF control valves for many years. With this acquisition, the valves will be part of the ANDRITZ Intelligent Instruments portfolio, Smart Series. The NAF valves (naf.se) will be seamlessly integrated into the ANDRITZ Metris Asset Management suite, which provides automated monitoring of control valves to maximize plant uptime and operational stability.

Johanna Newcomb, Vice President in ANDRITZ Automation and Digitalization, says: “We are very pleased to welcome the NAF team with its valuable experience and expertise to ANDRITZ. This acquisition will further complement ANDRITZ's capabilities in Automation and Digitalization and allows us to provide high quality, reliable and safe flow control solutions and services globally, by leveraging our global presence.”

About ANDRITZ GROUP

International technology group ANDRITZ (andritz.com) offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company’s business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. ANDRITZ is a global market leader in all four of its business areas Pulp & Paper, Metals, Hydropower and Environment & Energy. Technological leadership and global presence are cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries.

About ANDRITZ PULP & PAPER

ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, board and tissue. The technologies and services focus on increased production efficiency, lower overall operating costs as well as innovative decarbonization strategies and autonomous plant operation.

The product portfolio also includes boilers for power generation, various nonwoven technologies, and panelboard (MDF) production systems. With waste-to-value recycling, shredding and energy solutions, waste and by-product streams from production are converted into valuable secondary raw materials as well as into sustainable resources for energy generation. State-of-the-art IIoT technologies as part of Metris digitalization solutions complete the comprehensive product offering.

Agency / Source: ANDRITZ AG

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