The acquisition is expected to be closed in February 2015.
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 aluminium product portfolio and enable further growth of Outotec's equipment and spare parts business globally.
"I believe the acquisition by Outotec will enhance the prospects of the combined businesses by increasing the service offering to our clients as well as future opportunities for all staff due to the scale and the magnitude of the Outotec global organisation and growth plans," says Grant Kempe, founder and Managing Director of Kempe Engineering.
"The Kempe acquisition supports our technology and service business growth especially in the Middle East and Africa," says Outotec CEO Pertti Korhonen. "Through a larger installed base, joint technology offering and new service capabilities we expect to boost new projects, modernisation, operation and maintenance as well as spare parts businesses globally. With our combined resources we will be closer to our customers and a stronger provider of sustainable life cycle solutions in the aluminium industry."