Andritz Expands in Germany

Businessn.a. ♦ Published: May 29, 2012; 15:44 ♦ (Vindobona)

Andritz acquires 38.5% stake in Schuler AG, Germany, and announces takeover offer to purchase the remaining shares.

Andritz Expands in Germany / Picture: © Andritz

International technology Group Andritz based in Graz, Austria, has signed an agreement with Schuler-Beteiligungen GmbH to acquire the entire 38.5% interest held by Schuler-Beteiligungen GmbH in publicly listed Schuler AG, headquartered in Göppingen, Germany. The price per share amounts to € 20.00 in cash.

In addition, Andritz has announced a voluntary public takeover offer in…