OUTOTEC OYJ PRESS RELEASE, APRIL 1, 2011 AT 4:00 PM
Outotec acquires the Vertical Pressure Filter technology from Australian Process Technology
Outotec has acquired the Vertical Pressure Filter (VPF) technology and its intellectual property rights from Australian Process Technology Pty Ltd, a filters supplier for the alumina refining industry. The parties have agreed not to disclose the purchase price. The acquisition will not include personnel transfer.
After the acquisition of Larox filters in 2010, Outotec is a leading provider of filtration solutions for the minerals and metals processing industries.
"Outotec is a major provider of alumina refining plants. This acquisition of the VPF technology complements our portfolio of filtration and thickening technologies and our capability to offer comprehensive solutions and services to the alumina industry," comments Outotec's CEO Pertti Korhonen.
Outotec's financial guidance for 2011 will be unchanged.
For further information please contact:
Jari Rosendal, President - Non-ferrous Solutions business area
tel. +358 20 529 2700
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198