Outotec acquires Kiln Services Australia
(Thomson Reuters ONE) -
OUTOTEC OYJ PRESS RELEASE DECEMBER 9, 2011 9:15 AM
Outotec acquires Kiln Services Australia
Outotec has strengthened its service offerings in South East Asia Pacific by
acquiring a furnace refractory demolition business of Kiln Services Australia
Pty Ltd. The acquisition was completed on December 9, 2011. The parties have
agreed not to disclose the purchase price.
This acquisition supports Outotec's strategy to expand its service offerings and
complements Outotec's portfolio of shutdown services to the mining, metals
processing and refractory industries. The acquired business is based on
specialized robotic refractory demolition equipment and related know how. Kiln
Services Australia is based in Perth and has service centers both in Adelaide
and Tasmania.
"Our target is to grow our annual services sales to EUR 500 million by 2015.
This acquisition will expand our offerings and strengthen our capabilities to
provide furnace shutdown services to our customers in the South East Asia
Pacific region", says Outotec CEO Pertti Korhonen.
"Our target is to grow our annual services sales to EUR 500 million by 2015.
This acquisition will expand our offerings and strengthen our capabilities to
provide shutdown services to our customers in the South East Asia Pacific
region", says Outotec CEO Pertti Korhonen.
The annual sales of the acquired business have been a few million euros in
recent years. Outotec envisages doubling it in the Australian and South East
Asian Pacific market over the next three years.
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(at)outotec.com
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Source: Outotec Oyj via Thomson Reuters ONE
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Datum: 09.12.2011 - 08:15 Uhr
Sprache: Deutsch
News-ID 95454
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