The Andritz Group has signed an agreement to buy the Filtration Business Unit of the NETZSCH Group, based in Germany. The parties have agreed not to disclose the purchase price. Subject to approval by antitrust authorities, the transaction is scheduled to close in July 2004. The NETZSCH Filtration Business Unit supplies different types of dewatering units, in particular filter presses, for solid/liquid separation in industrial and municipal applications. With this acquisition, the Andritz Group enlarges its system know-how in the environment and process business area. Andritz will take over locations of the NETZSCH Filtration Business Unit in Germany, Slovakia, Brazil, Singapore and India.
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