OUTOTEC OYJ PRESS RELEASE APRIL 7, 2014 at 2.00 PM
Outotec acquires premium coated titanium anode business of Republic Alternative Technologies Inc.
Outotec has acquired the business and IPRs of Republic Alternative Technologies Inc., a premium coated titanium anode engineering and fabrication company based in Cleveland, Ohio, USA. The acquisition complements Outotec's offerings for sustainable electrowinning plants and supports the company's strategy to grow its service business through providing life-cycle solutions to the customers. The transaction was completed on April 4, 2014. The acquisition price is not disclosed.
Republic Alternative Technologies is the world's first producer of innovative mixed metal oxide coated titanium anodes, which are used as an alternative to conventional lead anodes in electrowinning operations to produce copper, zinc and other metals. Thanks to low cell voltage, these coated titanium anodes consume 7 to15 percent less energy than conventional lead anodes. They are currently used in industrial copper electrowinning plants in Arizona, New Mexico and South America.
Republic Alternative Technologies has 18 employees and its sales in 2013 were approximately 9 million euros. Outotec plans to commercialize the application of coated titanium anodes also in zinc and nickel electrowinning processes and believes that the business has substantial growth potential worldwide.
"Republic Alternative Technologies is a relatively young company that has strongly focused on development of sustainable solutions. Their premium anodes fit seamlessly with Outotec's electrowinning technology and service offerings. By combining the expertise of Republic Alternative Technologies and Outotec we can offer our wide customer base comprehensive life cycle solutions. There are good opportunities to multiply the business volume of the coated titanium anodes in copper processing and commercialize applications to other metals", says Outotec's CEO Pertti Korhonen.
For further information please contact:
Robin Lindahl, President - Metals, Energy & Water business area
Tel. +49 6171 9693100
Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198