Annual report 2023

PROVEN VALUE CREATION THROUGH STRATEGIC ACQUISITIONS

Clear acquisition strategy

  •     Complementary business in our industries
  •     Retain the management
  •     No acquisitions of competitors
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  • 76 successful acquisitions since 2002
  • EUR 2.1 bn invested in acquisitions
  • EUR 3.6 bn total earnings (EBITA) since 2002
  • EUR 4.8 bn total value creation*

* today’s stand-alone enterprise value of acquired business minus investment plus accum. EBITA minus tax

ACQUISITIONS BOLSTER OUR GLOBAL MARKET POSITION

The acquisition of companies with ­complementary ­products and technologies is one of the main ­cornerstones of our business and growth strategy.

In 2023, ANDRITZ enhanced its competitiveness through the following strategic acquisitions:

  • Dan-Web Machinery, Denmark: extending and strengthening our product and service portfolio in the field of nonwovens
  • SciTech Service, Finland: specializing in ­process research and application development for ­textile, paper and board, biofuels and chemicals ­industries
  • NAF, Sweden: a major player in pulp and paper industry valves, strengthening our automation solutions
  • Dedert, USA: combined portfolio enables complete ­solutions from dewatering to drying for the starch, ­biofuel and food industries
  • Imagine That, USA: providing simulation software and complementing the Metris - ANDRITZ Digital Solutions ­portfolio