International technology Group Andritz has signed a contract for the acquisition of Novimpianti Drying Technology S.r.l., a company owned by Novigroup S.r.l. and based in Lucca, Italy.
For Andritz, the acquisition of Novimpianti further strengthens its product offerings in the field of air and energy systems, mainly for tissue and paperboard machines.
“We are very excited about this complementary acquisition that extends the Andritz market coverage and product range in Tissue and Paper,” says Michael Pichler, SVP and Andritz Global Paper and Tissue Division Manager.
Novimpianti is a global supplier of engineered equipment and services for air and energy systems to the paper industry’s leading manufacturers.