===
EQS-News: Andritz AG / Key word(s): Investment
Green hydrogen: ANDRITZ acquires stake in Norwegian tech-company HydrogenPro
2024-04-11 / 08:30 CET/CEST

The issuer is solely responsible for the content of this announcement.  
GRAZ, APRIL 11, 2024.  International technology group ANDRITZ has acquired a 13.8% stake in the Norwegian company 

HydrogenPro. The company was founded in 2013 and supplies pressurized alkaline electrolyzers (AEL) for green hydrogen
production. The two companies already entered into a strategic partnership last year to provide integrated solutions
for the supply of green hydrogen plants.
The acquisition strengthens the strategic partnership between ANDRITZ and HydrogenPro to serve ANDRITZ's customers even
better. HydrogenPro provides the pressurized alkaline electrolyzer components and technology, while ANDRITZ assembles
the electrolyzer stacks in its facilities and supplies green hydrogen solutions on an EPC (Engineering, Procurement and
Construction) basis.
Joachim Schönbeck, President and CEO of ANDRITZ, states, "We are pleased to strengthen our partnership with
HydrogenPro. Our competencies complement each other ideally to become a recognized and trusted supplier of green
hydrogen plants."
- End -
PRESS RELEASE AVAILABLE FOR DOWNLOAD
The press release is available for download at andritz.com/news.
FOR FURTHER INFORMATION, PLEASE CONTACT
Niklas Jelinek
Media Relations
niklas.jelinek@andritz.com
andritz.com
ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and
digital solutions for a wide range of industries and end markets. Sustainability is an integral part of the company's
business strategy and corporate culture. With its extensive portfolio of sustainable products and solutions, ANDRITZ
aims to make the greatest possible contribution to a sustainable future and help its customers achieve their
sustainability goals. ANDRITZ is a global market leader in all four of its business areas - Pulp & Paper, Metals,
Hydropower and Environment & Energy. Technological leadership and global presence are cornerstones of the group's
strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and
over 280 locations in more than 80 countries.

2024-04-11 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com  
Language:     English 
Company:      Andritz AG 

Stattegger Straße 18
8045 Graz
Austria

Phone:        +43 (0)316 6902-0 
Fax:          +43 (0)316 6902-415 
E-mail:       welcome@andritz.com 
Internet:     www.andritz.com 
ISIN:         AT0000730007 
Indices:      ATX 
Listed:       Vienna Stock Exchange (Official Market) 
EQS News ID:  1878061 

End of News EQS News Service
===
1878061 2024-04-11 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1878061&application_name=news

END) Dow Jones Newswires

April 11, 2024 02:30 ET (06:30 GMT)