euro adhoc: Andritz AG / other / Andritz to acquire majority interest in GEHI joint venture from General Electric

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23.06.2008

Graz, 23 June 2008. International technology group Andritz and GE
Energy (GE) have signed an agreement for the purchase by Andritz of
GE´s majority interest in the GEHI (General Electric Hydro Inepar)
joint venture. The other principal shareholder in GEHI, which was
founded in 1997, is Brazilian conglomerate Inepar S.A. Group.
Financial terms were not disclosed.

GEHI has sales, engineering, and project management resources in
Campinas, Brazil, Tampere, Finland and Kristinehamm, Sweden with a
total staff of some 200 employees. In addition, GEHI has a hydraulic
testing laboratory and manufacturing capabilities in Tampere,
production facilities in Araraquara, Brazil, and access to the
substantial production capabilities of its Brazilian JV partner
Inepar.

This acquisition complements Andritz´s previous announced agreement
to 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.

- 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 12,300
employees worldwide. It manufactures and sells its products and
services globally.

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.

About Inepar S.A. Inepar S.A. Group, Brazil, is active in the areas
of generation, transmission, and distribution of energy, oil and gas,
as well as in the area of production of mechanical engineering and
public railways.

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