# Andritz acquires Novimpianti Drying Technology

Andritz signed a contract to acquire Novimpianti Drying Technology Srl, a global supplier of engineered equipment and services for the paper industry, from Novigroup Srl.

- Type: Acquisition
- Announced: 2018-06-01
- Where: Lucca, Italy, Italy
- Status: announced
- Products: drying technology equipment and services for paper industry
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ANDRITZ](https://endata.com/companies/2007.md) (acquirer)
- [Novimpianti Drying Technology Srl](https://endata.com/companies/18679.md) (target)
- [Novigroup Srl](https://endata.com/companies/18680.md) (partner)
- [Diatec S.R.L.](https://endata.com/companies/33042.md) (target)

## Sources

- [doi.org](https://doi.org/10.1016/s1365-6937(18)30165-5), 2018-06-01: "Andritz has signed a contract to acquire Novimpianti Drying Technology Srl, a global supplier of engineered equipment and services for the paper industry."
- [andritz.com](https://www.andritz.com/newsroom-en/pulp-paper/novimpianti-drying-technology), 2018-06-13: "International technology Group ANDRITZ has signed a contract for the acquisition of Novimpianti Drying Technology S.r.l."
- [andritz.com](https://www.andritz.com/newsroom-en/nonwoven-and-textile/2018-07-11-diatec-nonwoven-hygiene), 2018-07-11: "International technology Group ANDRITZ has acquired a 70% stake in Diatec S.R.L., a leading manufacturer of converting machines for the hygiene and food packaging industries based in Collecorvino in the region of Pescara, Italy."
- [bancaakros.it](https://www.bancaakros.it/en/highlights/news/mergers-and-acquisition/andritz-ag-acquires-diatec-srl/), 2018-07-12: "The transaction will enable ANDRITZ to expand its offer in the non-woven market, enabling it to cover the entire supply and value chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.