OUTOTEC OYJ PRESS RELEASE OCTOBER 3, 2012 at 10.00 AM
Outotec expands its paste plant business by acquiring Backfill Specialists Pty Ltd in Australia
Outotec has acquired all the shares of Australian-based Backfill Specialists Pty Ltd. The acquisition complements Outotec's expertise in paste plants and enables the company to offer more comprehensive tailings treatment solutions to the mining industry worldwide. The parties have agreed not to disclose the acquisition price. The transaction has been completed today and it will not impact Outotec's financial guidance for 2012.
Backfill Specialists is a technical consulting and engineering company specialized in mine backfilling solutions mostly in Australia. Its annual sales have been roughly EUR 18 million. Outotec plans to grow this business considerably by integrating it to Outotec's process solution offerings and utilizing Outotec's global sales network, proprietary equipment and project implementation capabilities.
"The mining industry faces globally growing challenges how to use water sparingly, how to recover and recirculate water and how to reduce the areas needed for tailings storage. We see that the market for new sustainable solutions for tailings treatment is growing. With this acquisition we are further strengthening our capabilities to provide water-efficient solutions to our customers for tailings treatment globally", says Pertti Korhonen, CEO of Outotec.
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, mobile +358 400 817198