Home News 2008 Outotec to acquire Auburn Group in order to strengthen its service business
September 5, 2008 09:30:00 AM CET

Outotec to acquire Auburn Group in order to strengthen its service business

OUTOTEC OYJ STOCK EXCHANGE RELEASE, SEPTEMBER 5, 2008 AT 9.30 AM


Outotec to acquire Auburn Group in order to strengthen its service
business

Outotec has signed an agreement to acquire Canada-based Auburn Group,
a service provider for the mining and metals industries. The
transaction value is CAD 15 million (approximately EUR 10 million).
The acquisition supports Outotec's strategy to grow the service
business to the annual level of EUR 250-300 million by the end of
2010. The closing of the transaction is expected in October 2008.

Auburn was founded in the 1960s. The company provides maintenance and
technical services for the mining and metals industries mainly in
Canada and Chile, but it also has some global activities. Auburn's
sales in 2007 were CAD 41 million (approximately EUR 27 million), and
the company employs some 150 people. (www.auburn1.com)"The fit between Outotec and Auburn is excellent. The two companies
have a shared focus on the mining and metallurgical industries with a
number of shared markets and customers. Auburn's services and
resources increase our possibilities to grow the service business.
Their experience in shut-down maintenance services for smelters and
sulfuric acid plants in particular will bring us new business
opportunities, because we have a large installed base of such plants
and other industrial plants worldwide", explains CEO Tapani Järvinen
of Outotec.

The acquisition does not affect Outotec's outlook for 2008.


For further information please contact:

OUTOTEC OYJ

Seppo Rantakari, Deputy CEO
tel. +358 20 529 2006
e-mail seppo.rantakari(at)outotec.com

Jari Rosendal, President - Minerals Processing division, and
corporate level responsibility of the service business
tel. +358 20 529 2700
e-mail jari.rosendal(at)outotec.com

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
e-mail eila.paatela(at)outotec.com


DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.outotec.com