Outotec buys Kempe Engineering's Middle East arm
Finnish company adds UAE manufacturing base and 400 employees following acquisition
Finnish engineering specialist Outotec has announced that it has bought Australian competitor Kempe Engineering's aluminium technology and service business in the Middle East and Africa.
The price was not disclosed, but Outotec said that the acquired business has sales of around $27.9m (EUR25m) and that 400 employees would transfer to its business as a result.
Outotec is a specialist engineering firm whose expertise is in the mining and metals industry. In a statement, the firm said this deal would strengthen its Middle East and Africa arm, providing it with a manufacturing base in the UAE and allowing it to improve its parts and service business.
Outotec employs 5,000 people around the world.