Tuesday, 02 March 2010 08:18

ANDRITZ acquires KMPT AG, Germany

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andInternational technology Group ANDRITZ has signed a contract to acquire KMPT AG, headquartered in Vierkirchen, Germany, including its affiliates in England, France, Italy, China, and the United States.

The ANDRITZ ENVIRONMENT & PROCESS business area is thus strengthening its product offerings for solid/liquid separation. The acquired company has approximately 280 employees and generates annual sales of about 50 MEUR. It was agreed to not disclose the purchase price; the contract is subject to approval by the relevant authorities and is expected to come in force during the second quarter of 2010.

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