ANDRITZ to acquire Xerium Technologies for $833 million

ANDRITZ signed a merger agreement to acquire Xerium Technologies for $13.50 per share in cash, valuing the transaction at approximately $833 million including net financial liabilities. Xerium is a global manufacturer of machine clothing and roll covers for the paper industry.

“With Xerium, we will be acquiring a high-tech global supplier providing essential services and wear parts to the paper industry.”andritz.com

• 2 sources
• andritz.comANDRITZ to acquire Xerium Technologies, Inc.ANDRITZ AGJun 25, 2018
• textileworld.comAndritz Acquires Diatec Stake, Xerium Technologies | Textile WorldJim BornemanJul 18, 2018

Summarized from public sources; check the original articles before acting on it.