* 2018 EBITA margin seen below 2017 level
(Adds details, shares, background)
VIENNA, Nov 6 Engineering group Andritz
reported lower-than-expected third-quarter operating
profit on Tuesday, largely due to high costs and lower margins
in its metals unit.
VIENNA Austrian engineering group Andritz has agreed to buy Xerium Technologies , a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings.
* Andritz shares gain 5.7 percent, Xerium shares double
(New throughout, adds details, comment from Barington Capital,
updates share price)
VIENNA, June 25 Andritz has agreed to
buy U.S. machine industry company and supplier Xerium
Technologies in a cash deal worth roughly $833 million,
the Austrian engineering group said on Monday.