Following the announcement on December 10, 2019 to divest three businesses, Outotec Oyj (Espoo, Finland;) has concluded an agreement to sell certain municipal and industrial sludge incineration plant technologies to Küttner Martin Technology GMBH, based in Germany. The transaction entails technology and references. The parties have agreed not to disclose the value of the transaction.
This divestment follows the announcement earlier this month that Outotec Oyj and Metso Corporation received unconditional merger control clearance from the European Commission for the combination of Metso Minerals with Outotec. Outotec and Metso continue to expect the completion of the Combination to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including certain remaining competition clearances.