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Comment Business & Economics

Outotec acquires Edmeston

By Gerald Ondrey |

 Outotec Oyj (Espoo, Finland; www.outotec.com) has acquired all shares in Edmeston AB (Gothenburg Sweden; www.edmeston.com), a company specializing in sulfuric acid production equipment and systems. The transaction is subject to completion of confirmatory due diligence, and it is expected to be closed in May. The parties agreed not to disclose the transaction price. Outotec is a leading supplier of advanced sulfuric acid plants for the metallurgical and chemical industries. Outotec’s technology is used for example in fertilizer production. The company has delivered over 600 sulfuric acid plants globally.   Edmeston is a company specializing in engineering and supply of process equipment used primarily in sulfuric acid plants. Edmeston has unique know-how of special stainless-steel grades suitable for use in highly corrosive environment. Edmeston’s annual revenues are approximately €10 million, and it employs around a dozen professionals.   “The acquisition of Edmeston strengthens Outotec’s position as the leading provider of sulfuric acid production technology. Edmeston complements our offerings to the sulfuric acid plant operators enabling us to raise our service level in particular in equipment…
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