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.
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:
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