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Comment Business & Economics

Outotec to acquire all interests in Energy Products of Idaho  

By Gerald Ondrey |

Outotec Oyj (Espoo, Finland; www.outotec.com) strengthens its portfolio of energy and environmental technologies by acquiring all interests in Energy Products of Idaho Limited Partnership (EPI; Coeur d’Alene; www.energyproducts.com). EPI has pioneered in the area of biomass and difficult waste materials combustion and delivered over 100 renewable energy solutions. The transaction is subject to regulatory approval and it is expected to be closed at the end of December 2011. The acquisition price consists of two components: a fixed cash element of approximately €43 million and an earn-out payment of €25 million at maximum based on EPI’s financial performance in 2012 and 2013. The acquisition supports Outotec’s growth strategy and is expected to increase Outotec’s sales by €60–90 million annually, including synergies from stronger combined sales and service network. EPI’s solutions can be marketed through Outotec’s global network and various services can be offered to EPI’s large existing base of installed technology. Furthermore, EPI serves as a platform for growing Outotec’s energy and environmental technology business in the U.S. market. The acquisition is in line…
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