Andritz acquires Tiszakécskei Gépgyár Kft. (Tigép)International Technology Group ANDRITZ, headquartered in Graz, Austria, has acquired 100% of Tiszakécskei Gépgyár Kft. (Tigép), Tiszakécskei, Hungary. It was agreed not to disclose the purchase price.
Tigép - now ANDRITZ Kft. - achieves annual Sales of approximately 20 million Euros with some 370 employees and produces high-level components for turbo-generators and gas turbines for renowned international groups, as well as other welded machine parts for certain specialized industries. As a member of the ANDRITZ Group, ANDRITZ Kft. will, in the future, also manufacture core components for the ANDRITZ Pulp and Paper as well as Hydro Power Business Areas. Additionally, it is planned to increase the number of staff with high-qualified people and to expand the manufacturing facilities.
Dr. Wolfgang Leitner, CEO of the ANDRITZ Group: “With Tigép, we have acquired an excellent company with a well trained staff and extremely high manufacturing know-how. As an important part of the global ANDRITZ manufacturing network, Tigép will make a substantial contribution to the ANDRITZ Group’s further growth.”
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For further information, please contact:
Dr. Michael Buchbauer,
Head of Corporate Communications
Phone: +43 (316) 6902 2979
Phone: +36 76 542-101
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.