OUTOTEC OYJ PRESS RELEASE, APRIL 29, 2010 AT 1.30 PM
Outotec complements its sulfuric acid production technologies by acquisition of Edmeston AB
Outotec has acquired all shares in Edmeston AB, a Swedish company specializing in sulfuric acid production equipment and systems. The transaction is subject to completion of confirmatory due diligence, and it is expected to be closed in May. The parties agreed not to disclose the transaction price.
Outotec is the leading supplier of advanced sulfuric acid plants for the metallurgical and chemical industries. Outotec's technology is used for example in fertilizer production. The company has delivered over 600 sulfuric acid plants globally.
Edmeston AB is a Gothenburg Sweden based company specializing in engineering and supply of process equipment used primarily in sulfuric acid plants. Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environment. Edmeston's annual revenues are approximately EUR 10 million, and it employs around a dozen professionals.
"The acquisition of Edmeston strengthens Outotec's position as the leading provider of sulfuric acid production technology. Edmeston complements our offerings to the sulfuric acid plant operators enabling us to raise our service level in particular in equipment refurbishments and upgrades," says Pertti Korhonen, President and CEO of Outotec.
For further information please contact:
Peter Weber, President - Energy, Light Metals and Environmental Solutions
tel. +49 6171 9693 165
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198