Finnish mining and metal manufacturing equipment provider Outotec has announced that it has acquired Edmeston AB, a Swedish company specialized in engineering and supply of process equipment used primarily in sulfuric acid plants.
The transaction is subject to completion of confirmatory due diligence, and it is expected to be closed in May. The parties have agreed not to disclose the transaction price.
According to an Outotec statement, Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environments. Edmeston's annual revenues are approximately €10 million, and it employs around a dozen professionals.
"Edmeston complements our offerings to the sulfuric acid plant operators enabling us to raise our service level in particular in equipment refurbishments and upgrades," said Pertti Korhonen, president and CEO of Outotec.