Information  X 
Enter a valid email address

Outotec Oyj (0L9T)

  Print      Mail a friend       Annual reports

Wednesday 02 May, 2012

Outotec Oyj

Outotec accelerates its service business growth...

Outotec accelerates its service business growth by acquiring Demil Manutenção Industrial Ltda in Brazil

OUTOTEC OYJ  PRESS RELEASE   MAY 2, 2012  at 09:30 AM

Outotec accelerates its service business growth by acquiring Demil Manutenção Industrial Ltda in Brazil

Outotec has agreed to acquire all shares in Demil Manutenção Industrial Ltda in Brazil from Marcos Del Pupo and his children. Demil provides industrial maintenance services for iron ore pelletizing plants and is located in Guarapari, Espírito Santo in Brazil. The parties have agreed not to disclose the acquisition price. The completion of the transaction is subject to certain conditions expected to be fulfilled by the end of May 2012.

Demil has approximately 300 employees and its annual sales are at the level of EUR 10 million. The acquisition will provide a platform for further developing Outotec's service business and capabilities in Brazil. Demil's services can be offered to Outotec's Brazilian customers, pelletizing technology users in particular. Outotec expects to double the annual sales of the Demil business in two to three years.

"We intend to further develop various service capabilities, such as Operation and Maintenance services, related to our proprietary technologies. The Demil acquisition will make us an even stronger provider of sustainable life cycle solutions to our customers in Brazil", says Outotec CEO Pertti Korhonen.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Services business area
Tel. +358 20 529 2901

Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
Main media
www.outotec.com





This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Outotec Oyj via Thomson Reuters ONE

HUG#1607828