# 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.

- Type: Acquisition
- Announced: 2018-06-25
- Where: Youngsville, North Carolina, United States
- Value: $833.0M
- Status: announced
- Products: machine clothing, roll covers, digital software tool
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [ANDRITZ](https://endata.com/companies/2007.md) (acquirer)
- [Xerium Technologies](https://endata.com/companies/19022.md) (target)

## Sources

- [andritz.com](https://www.andritz.com/newsroom-en/ad-hoc-releases/andritz-to-acquire-xerium), 2018-06-25: "With Xerium, we will be acquiring a high-tech global supplier providing essential services and wear parts to the paper industry."
- [textileworld.com](https://www.textileworld.com/textile-world/supplier-notes/2018/07/andritz-acquires-diatec-stake-xerium-technologies/), 2018-07-18: "Andritz AG is set to acquire Youngsville, N.C.-based Xerium Technologies Inc. — a producer of machine clothing and roll covers — for $13.50 per share in an all-cash transaction, which is expected to close during the second half of 2018."

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