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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

Successful closing of acquisitions

(PresseBox) (Graz, )
Andritz and GE Energy have successfully closed the transactions announced in May and June 2008, pursuant to which Andritz has acquired certain assets of GE Energy's Hydro business as well GE Energy's majority interest in GE Hydro Inepar do Brasil S.A., to be renamed Andritz Hydro Inepar do Brasil S.A.

The acquired businesses are expected to add approximately 300 million US dollars (approximately 200 million Euros) to Andritz's Group sales on an annual basis and will be included in the consolidated financial statements of the Andritz Group from 1 July 2008.

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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.