euro adhoc: Andritz AG / other / Andritz to acquire assets of General Electric´s Hydro business

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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02.05.2008

Graz, 2 May 2008. International technology group Andritz and General
Electric Company (GE) have reached an agreement for the purchase of
certain assets of GE Energy´s Hydro business. The closing of the
transaction, which is subject to approval by anti-trust authorities,
is expected to take place during the next few months. Financial terms
were not disclosed

As part of the transaction, Andritz will acquire GE Energy´s hydro
power technology and certain other assets, including engineering and
project management resources, research and development capabilities,
and specialized generator component production facilities in Canada.
These activities have a total staff of approximately 200 employees.

For the Andritz Hydro Power Business Area, the assets of GE´s Hydro
business will further complement the existing product portfolio in
the field of large Francis-type turbines and generators with output
capacity of 400 MW and more. In addition, as a result of this
acquisition Andritz expects to increase its hydro power presence in
North America and in fast growing emerging markets.

- End -

The Andritz Group The Andritz Group is a global market leader in the
supply of customized plants, systems, and services for the pulp and
paper industry, the hydropower industry, the steel industry, and
other specialized industries (solid/liquid separation, feed, and
biofuel). Headquartered in Graz, Austria, the Group has about 12,000
employees worldwide. It manufactures and sells its products and
services globally.

Andritz VA TECH HYDRO Andritz VA TECH HYDRO is a globally leading
supplier of electromechanical systems and services ("water-to-wire")
for hydropower plants.

About General Electric (GE) GE is a diversified technology, media and
financial services company offering products and services ranging
from aircraft engines, power generation to business and consumer
financing, medical imaging, and media content. GE serves customers
in more than 100 countries and employs more than 300,000 people
worldwide.

end of announcement euro adhoc
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ots Originaltext: Andritz AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Michael Buchbauer

Head of Investor Relations

Tel.: +43 316 6902 2979

Fax: +43 316 6902 465

mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing