OUTOTEC OYJ PRESS RELEASE MARCH 12, 2012 AT 1.15 PM
Outotec to acquire all shares in Numcore Ltd, an innovator of 3D-imaging measurement technology
Outotec strengthens its process control technologies by acquiring all shares in Numcore Ltd in Kuopio, Finland. Numcore is a start-up company developing and marketing innovative online process control solutions based on 3D-imaging. With a strong focus on R&D, the company has designed high-tech instruments for process optimization of minerals processing, food as well as pulp and paper industries. The parties have agreed not to disclose the acquisition price.
The acquisition supports Outotec's growth strategy and strengthens Outotec's competitive edge in providing advanced technology solutions. Numcore's technology is already proven in flotation and thickener applications. Furthermore, EIT technology can be utilized in other Outotec's business segments. The acquisition will not have any significant short term impact on Outotec's revenues.
Outotec has a strong position in providing flotation and thickening solutions for the minerals processing industry with over 4,000 installed flotation units and more than 1,400 thickeners in the last 20 years. Numcore's Electrical Impedance Tomography (EIT) technology can be applied to all new flotation cells and thickeners. It increases metals recovery by optimizing the froth flotation process as well as production efficiency and reliability.
"By combining Numcore's innovative 3D-imaging technology with our leading minerals processing technologies will further strengthen Outotec's position as the forerunner and technology leader and will provide us a significant competitive advantage particularly in flotation and thickening solutions", says Pertti Korhonen, CEO of Outotec.
"For Numcore's development, the equity funding from Finnvera Venture Capital and support from the Tekes Young Innovative Companies programme has been essential. I am happy that Numcore now has the opportunity to utilize resources of Outotec", says Anssi Lehikoinen, CEO of Numcore.
Numcore develops and markets innovative high-tech process control instruments based on 3D-imaging. The systems are designed for minerals processing, food, chemical and pulp & paper industries. Numcore Ltd was founded in 2008 and is located in Kuopio, Finland. Company employs 13 persons. (www.numcore.fi)
Outotec develops and provides technology solutions for the sustainable use of Earth's natural resources. As the global leader in minerals and metals processing technology, Outotec has developed over decades several breakthrough technologies. The company also offers innovative solutions for the chemical industry, industrial water treatment and the utilization of alternative energy sources. With a global network of sales and service centers, research facilities and more than 3,800 experts, Outotec generated annual sales of EUR 1.386 million in 2011. Outotec shares are listed on the NASDAQ OMX Helsinki. (www.outotec.com)
For further information please contact:
Kimmo Kontola, Vice President - Process Equipment
tel. +358 20 529 2704
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
E-mail address: email@example.com