SUCCESSFUL IPO - ANDRITZ

Andritz AG

Global supplier of plants, systems, and services for specialized industries 

Participation from September 1999 to June 2003
Exit: IPO 06/2001 | SPO 06/2003
UIAG Investmentteam under Kurt Stiassny

As a consequence of strategic realignment, an international financial syndicate led by Kurt Stiassny acquired Andritz AG through an MBO in 1999. Dr. Wolfgang Leitner, CEO of Andritz AG, was a member of the syndicate as was the Carlyle Group. In the year 2000 the increased equity enabled Andritz to execute the strategically important acquisition of 50% of the Ahlstom Machinery Group which was a major step in the firm’s development. Subsequently, the company was reorganized and prepared for a public offering. In 2001, the company was listed on the Vienna Stock Exchange. The financial partner sold its interest at the time of the SPO in 2003. Today, Andritz Group, based in Graz, Austria is an internationally active technology group and develops technical production systems and industrial process solutions for the manufacturing and finishing. The group has 35 production/service facilities and more than 120 affiliates and distribution firms worldwide.

ANDRITZ WEBSITE:

Website of Andritz AG
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