Austrian technology group Andritz has acquired 51% equity in China-based Baoding Sanzheng Electrical Equipment for approximately €30 million. The strategic acquisition strengthens Andritz's position as a comprehensive steel processing solutions provider, particularly in electrical steel technologies. Sanzheng specializes in power electronics & induction heating solutions, generating annual revenue of €30 million. The company will maintain its existing management structure while providing Andritz enhanced access to China's steel processing market.