While the 1960s and 1970s were a story of consistent growth for ANDRITZ, the 1980s brought challenges including an economic downturn. ANDRITZ was able to weather the storm: after AGIV AG, a German investment company, acquired a majority stake, ANDRITZ began to shift its strategic orientation away from licensing technology from other machine manufacturers and towards becoming a leading international supplier of its own high-tech production systems.
In 1999, a consortium of investment firms along with the Custos Private Foundation, founded by Wolfgang Leitner, former President and CEO of ANDRITZ, acquired the company.
In 2001, ANDRITZ went public on the Vienna Stock Exchange, marking a new era of international growth and expansion thanks to strategic acquisitions and its own strength in R&D. With its headquarters in Graz, Austria, ANDRITZ boasts a more than 170-year history rooted in resilience, adaptation and strategic evolution.