Type Aktiengesellschaft Industry Industrial processing Revenue 5.176 billion EUR (2012) | Traded as WBAG: ANDR Headquarters Graz, Austria Founder Joseph Körösi | |
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Founded 1852; 165 years ago (1852) Key people Wolfgang Leitner (CEO), Hellwig Torggler (Chairman of the supervisory board) Products Turnkey equipment for hydropower plants, the production of pulp and paper and feed and biofuels; plants for steel production; industrial separation technologies Stock price ANDR (VIE) € 49.76 -0.52 (-1.04%)2 Mar, 5:24 PM GMT+1 - Disclaimer CEO Wolfgang Leitner (29 Jun 1994–) Profiles | ||
Andritz AG is an Austrian plant engineering group headquartered in Graz. The group gets its name from the district Andritz in which it is located.
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Andritz employs more than 23,400 employees at over 220 production and service facilities. In 2012, the company reported a revenue of €5.17 billion, a gross profit of €334 million and a net profit of €242 million.
Business areas
Andritz consists of 5 business areas:
Andritz Metals
The business area Andritz Metals (former "Rolling Mills and Strip Processing") is the third largest business unit. Andritz Metals designs, develops and erects complete lines for the production and further processing of cold-rolled carbon steel, stainless steel and non-ferrous metal strips, including furnaces, presses and acid regeneration equipment.
2000 -
In March 2000, the company acquired a 50 percent stake in Finland's Ahlstrom Machinery Group from the A. Ahlstrom Corporation, a manufacturer of chemical pulp plants and other pulp processing machinery. As part of the purchase agreement, Andritz also received the option of purchasing full control of Ahlstrom Machinery in the event of Andritz going public. In the meantime, Ahlstrom Machinery was renamed Andritz-Ahlstrom and placed under Andritz's Pulp and Paper division.
Following the IPO, Andritz made good on completing its acquisition of full control of Andritz-Ahlstrom, buying up the rest of that subsidiary in July 2001. Another large acquisition was the purchase of the hydroelectric power division of VA Technologie AG in 2006, as a consequence of a decision of the EU commission in the acquisition of VA Technologie AG by Siemens AG. Experts estimated the price at €200 million. The VA Tech Hydro unit changed its name to Andritz VA Tech Hydro GmbH and became a subsidiary of Andritz AG. With 3000 employees and sales of €620 million, the unit increased the size of Andritz by one third, becoming the company's second-largest business.
In May and June 2008, Andritz acquired hydropower technology and certain assets of GE Energy’s hydropower business (including test laboratories in Canada and Brazil), as well as GE Energy’s majority interest in the joint venture GE Hydro Inepar do Brasil. Since January 2009, all these acquisitions now operate under "Andritz Hydro" name. Andritz Hydro ranks among the 3 largest hydro companies(with Alstom and Voith-Siemens) with historical references back from 19th century by the acquisition over the years of the following companies and technologies, on which the Andritz Hydro group is the legal successor: