In March 2005 the Company acquired 100% of the Universal Dynamics Group with locations in Canada and USA. Universal Dynamics Group provides engineered solutions for industry, focusing on process optimization and productivity improvement, to complement the pulp & paper business area.
To expand the product portfolio in the business area Rolling Mills and Strip Processing Lines Andritz has purchased 73.96% of the Swedish roll grinder manufacturer Lynson AB. This transaction took place in June 2005.
In addition to the Environment and Process business area Andritz acquired in August 2005 100% of the German Lenser Group, with further sites in France, Rumania and Malaysia. Lenser is specialized on manufacturing filter elements.
The total costs of these three acquisitions amounted to EUR 22,690 thousand of which in the first-time consolidation EUR 2,151 thousand have been allocated to intangible assets. The remaining goodwill amounted to EUR 8,219 thousand.

The acquired businesses have contributed EUR 19,601 thousand to sales and EUR 2,140 thousand to earnings before interest, taxes and amortization (EBITA) of the Andritz Group since the date of acquisition. If the acquisitions would have been at the beginning of the reporting period the Group´s EBITA would have been EUR 108,490 thousand and the revenue from continuing operations would have been EUR 1,763,968 thousand.

Inter-company balances and transactions, including inter-company profits and unrealised profits and losses have been eliminated. The consolidated financial statements have been prepared using uniform accounting policies for like transactions and other events in similar circumstances.