Andritz unites hydro equipment acquisitions

摘要

Austria-based technology group Andritz united its far-flung hydropower equipment manufacturing acquisitions under a single name, Andritz Hydro.rnThe action brings the former GE Hydro and VA Tech Hydro operations under a single name, subsequent to the acquisition of GE Energy's hydro business in 2008. Andritz Group, a leader in advanced production systems for pulp and paper, steel, and other specialized industries, moved fully into hydropower in 2006 with the acquisition of VA Tech Hydro, from Siemens Austria.rnAndritz said the name change did not affect any legal relations of the former units such as ownership structure or capitalization, adding the change only represents the alliance of the Andritz Hydro companies.