EANS-Adhoc: ANDRITZ subsidiary Schuler acquires majority stake in Yadon, one of the leading press manufacturers in China

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other/Company Information
23.06.2015

Graz, June 23, 2015. Schuler AG, a member of international
technology Group ANDRITZ, has signed a contract for the acquisition
of a 51% stake in the Chinese press and machine tool manufacturer
Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). Yadon is one
of the leading manufacturers of mechanical presses in China and has
annual sales of approximately 120 million euros. It was agreed not to
disclose the purchase price. The acquisition is subject to approval
by anti-trust authorities.

Yadon is based in Yangzhou, Jiangsu Province, around 300 kilometers
north of Shanghai, and has a staff of approximately 1,100 employees
at three locations in China. The main customer segments served by
Yadon include the automotive supplying, household appliances, and
metal working industries in Eastern China. The investment in Yadon
extends Schuler's product portfolio in the middle and lower price
segments and provides access to a customer base not yet served in
China, the largest market in the world for presses.

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Press release for download
The press release is available for download at www.andritz.com/news.

The ANDRITZ GROUP ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper
industry, the metalworking and steel industries, and for solid/liquid
separation in the municipal and industrial sectors. The publicly
listed technology Group is headquartered in Graz, Austria, and has a
staff of almost 25,000 employees. ANDRITZ operates over 250 sites
worldwide.

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

end of announcement euro adhoc
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issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English