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Andritz AG Stattegger Strasse 18 8045 Graz, Austria http://www.andritz.com
Contact Dr. Michael Buchbauer +43 316 69022979
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Andritz AG

Andritz to acquire assets of General Electric’s Hydro business

(PresseBox) (Graz, )
International technology group Andritz and General Electric Company (GE) have reached an agreement for the purchase of certain assets of GE Energy's Hydro business. The closing of the transaction, which is subject to approval by anti-trust authorities, is expected to take place during the next few months. Financial terms were not disclosed As part of the transaction, Andritz will acquire GE Energy's hydro power technology and certain other assets, including engineering and project management resources, research and development capabilities, and specialized generator component production facilities in Canada. These activities have a total staff of approximately 200 employees.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.