. Based in Ravensburg, Germany, the globally active Fluid Bed Systems Business Area is specialized in the development, production and erection of plants for granulation and drying of solutions, suspensions, and bulk materials.
Andritz acquires VA TECH WABAG’s Fluid Bed Systems Business Area
Sep 03, 2004. /Lesprom Network/. Graz, 03 September 2004. International technology group Andritz, continuing its strategy of acquiring companies with complementary products, signed an agreement to buy the Fluid Bed Systems Business Area of VA TECH WABAG, Germany. The parties have agreed not to disclose the purchase price. The acquisition is subject to the approval by antitrust authorities, and is scheduled to become effective by the end of October 2004.
Based in Ravensburg, Germany, the globally active Fluid Bed Systems Business Area is specialized in the development, production and erection of plants for granulation and drying of solutions, suspensions, and bulk materials. The majority of the business area's total sales of approx. 15 to 20 MEUR is to chemical and petrochemical production companies. The remaining is to the food and basic materials industries.
“By acquiring the Fluid Bed Systems Business Area of VA TECH WABAG we can further complete our product and process know-how in the Environment and Process Business Area, enabling us to offer our customers a broad range of products for various drying technology applications,“ says Wolfgang Leitner, President and CEO of Andritz.
