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Andritz AG (ANDR.VI)

ANDR.VI on Vienna Stock Exchange

47.40EUR
3:49pm IST
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€0.86 (+1.85%)
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Tue, Jun 26 2018

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Austria's Andritz buys U.S. firm Xerium for $833 million in cash

VIENNA Austrian engineering group Andritz has agreed to buy Xerium Technologies , a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings.

UPDATE 3-Austria's Andritz buys U.S. firm Xerium for $833 mln in cash

* Andritz shares gain 5.7 percent, Xerium shares double (New throughout, adds details, comment from Barington Capital, updates share price)

Austria's Andritz agrees to buy U.S. firm Xerium in $833 mln deal

VIENNA, June 25 Andritz has agreed to buy U.S. machine industry company and supplier Xerium Technologies in a cash deal worth roughly $833 million, the Austrian engineering group said on Monday.

Engineering group Andritz expects order book to counter sales drop

VIENNA, May 3 Austrian engineering group Andritz expects a strong order book to enable the company to meet full-year objectives, it said on Thursday after reporting a drop first-quarter sales and profit.

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