Austrian group Andritz buys laser welding specialist Soutec

June 26, 2012
Andritz Group, a supplier of equipment and technology for manufacturing steel and metals,, has acquired laser welding supplier Soutec AG and its subsidiaries from VTC Industrieholding for an undisclosed amount.

Neftenbach, Switzerland -- Andritz Group, a Graz, Austria-based supplier of plants, equipment, and services for a number of industrial sectors, has acquired Soutec AG and its US and Chinese subsidiaries from VTC Industrieholding for an undisclosed amount.

Soutec is a global supplier of laser welding systems for metal working, used in applications such as car body parts (tailor welded blanks), fuel tanks, and exhaust components for various industries. The company has around 90 employees, and annual sales of approximately € 30 million.

Publicly listed Andritz reported about €4.6 billion in sales for fiscal 2011, with over 17,000 employees and 180 facilities worldwide. Its metals division is a single-source supplier for all technologies and processes involved in manufacturing steel and metal strips, cut-to-length lines for steel, stainless steel, aluminum, and all types of non-ferrous metals.

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Industrial Laser Solutions Editors

We edited the content of this article, which was contributed by outside sources, to fit our style and substance requirements. (Editors Note: Industrial Laser Solutions has folded as a brand and is now part of Laser Focus World, effective in 2022.)

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