Espoo, Finland-Outotec Oyj said May 17 that it has completed the acquisition of Edmeston AB, a Gothenburg, Sweden-based company specializing in the engineering and supply of process equipment used primarily in sulfuric acid plants. It said Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environments. Edmeston’s annual revenues are approximately US$12.4 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,” said Pertti Korhonen, Outotec president and CEO. “Edmeston complements our offerings to the sulfuric acid plant operators, enabling us to raise our service level in particular in equipment refurbishments and upgrades.” Outotec, a leading supplier of advanced sulfuric acid plants, says it has delivered over 600 facilities globally. The parties did not disclose the transaction price.
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