International technology Group Andritz has acquired more than 10% of the shares in Schuler AG since disclosing its decision to submit a voluntary public takeover offer. Andritx therefore holds over 10% of the shares in Schuler AG; together with its previous acquisition of Schuler AG shares still subject to approval by the anti-trust authorities, ANDRITZ now has access to more than 48.5% of the total shares.

Schuler supplies machines and production lines for the metal-working industry, and had sales of about EUR950 million in the last fiscal year.