Thomson Financial reported that Andritz AG plans to acquire the steel and copper unit of Germany's Maerz-Gautschi Industrieofenanlagen GmbH, pending approval from German competition authorities.

According to an Andritz spokesman Maerz-Gautschi which is part of the Deutsche Beteiligungs AG subsidiary Hochtemperatur Engineering GmbH, generated around EUR 50 million in its steel and copper unit last year.

The parties have agreed not to disclose the purchase price.