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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 majority interest in GEHI joint venture from General Electric

(PresseBox) (Graz, )
International technology group Andritz and GE Energy (GE) have signed an agreement for the purchase by Andritz of GE's majority interest in the GEHI (General Electric Hydro Inepar) joint venture. The other principal shareholder in GEHI, which was founded in 1997, is Brazilian conglomerate Inepar S.A. Group. Financial terms were not disclosed.

GEHI has sales, engineering, and project management resources in Campinas, Brazil, Tampere, Finland and Kristinehamm, Sweden with a total staff of some 200 employees. In addition, GEHI has a hydraulic testing laboratory and manufacturing capabilities in Tampere, production facilities in Araraquara, Brazil, and access to the substantial production
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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.