Outotec acquired Millteam Sweden's service business

OUTOTEC OYJ PRESS RELEASE, MARCH 18, 2010 AT 9.00 AM

Outotec acquired Millteam Sweden's service business

Outotec has strengthened its service business by acquiring Millteam Sweden's businesses. Millteam offers maintenance services, complete installations, installation supervision, maintenance inspections and service of equipment for mining companies and has special expertise in grinding mill service. The annual sales volume of the Millteam business is approximately EUR 4 million and it employs 35 persons. The parties have agreed not to disclose the acquisition price.

The Millteam acquisition is supporting Outotec's strategy to expand its service business. With the new service center in Sweden Outotec can provide better life-cycle services for its customers in Europe and the CIS area.

"Millteam is well established in the Nordic countries and is an experienced provider of world-class services to Outotec's customers. This acquisition will strengthen our position as a leading grinding mill supplier and life-cycle service partner," says Kalle Härkki, Senior Vice President - Services Business.

For further information please contact:

OUTOTEC OYJ

Kalle Härkki, Senior Vice President - Services Business
tel. +358 20 529 2901

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817198
e-mails: firstname.lastname@outotec.com

 
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