Finnish mining and metal
manufacturing equipment provider
Outotec has announced that it has completed the acquisition of all the shares in Demil Manutenção Industrial Ltda, located in Guarapari, Espírito Santo in
Brazil. Demil provides industrial maintenance services for
iron ore pelletizing plants.
The acquisition announced last month will help
Outotec to further develop its service business and capabilities in
Brazil. Demil's services can be offered to
Outotec's Brazilian customers and to pelletizing technology users in particular. Within two to three years,
Outotec expects to double the annual sales of Demil which currently stand at €10 million.