Outotec's acquisition of Kempe Engineering's aluminum technology and service businesses in the Middle East and Africa completed
Outotec has completed the acquisition of Kempe Engineering's aluminum smelter technologies as well as service and spare parts businesses in the Middle East and Africa. The acquisition was announced on January 12, 2015. The parties have agreed not to disclose the acquisition price.
The acquisition of Kempe will strengthen Outotec's technology and service business in the Middle East and Africa, doubling the installed base and providing new capabilities to expand the service business in the region. Kempe will also bring additional best cost country sourcing and a manufacturing facility in the United Arab Emirates. A large amount of Kempe's proprietary equipment will complement Outotec's aluminum product portfolio and enable further growth of Outotec's equipment and spare parts business globally.
The annual sales of the acquired businesses are approximately EUR 25 million, and Outotec plans to double the business volume in the next few years. Nearly 400 of Kempe's employees will join Outotec team of nearly 5,000 employees worldwide.