Outotec's acquisition of Kempe Engineering's aluminum technology and service businesses in the Middle East and Africa completed
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE MARCH 2, 2015 at 1:00 PM
Outotec's acquisition of Kempe Engineering's aluminum technology and service
businesses in the Middle East and Africa completed
Outotec has completed the acquisition of Kempe Engineering's aluminum smelter
technologies as well as service and spare parts businesses in the Middle East
and Africa. The acquisition was announced on January 12, 2015. The parties have
agreed not to disclose the acquisition price.
The acquisition of Kempe will strengthen Outotec's technology and service
business in the Middle East and Africa, doubling the installed base and
providing new capabilities to expand the service business in the region. Kempe
will also bring additional best cost country sourcing and a manufacturing
facility in the United Arab Emirates. A large amount of Kempe's proprietary
equipment will complement Outotec's aluminum product portfolio and enable
further growth of Outotec's equipment and spare parts business globally.
The annual sales of the acquired businesses are approximately EUR 25 million,
and Outotec plans to double the business volume in the next few years. Nearly
400 of Kempe's employees will join Outotec team of nearly 5,000 employees
worldwide.
For further information please contact:
OUTOTEC
Adel Hattab, President - EMEA region
Tel. +358 40 7517368
Robin Lindahl, President - Metals, Energy & Water business area
Tel. +49 6171 9693 100
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198
Emails: firstname.lastname(at)outotec.com
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Source: Outotec Oyj via GlobeNewswire
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Datum: 02.03.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 375364
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