Outotec buys Kempe Engineering's Middle East arm

Finnish company adds UAE manufacturing base and 400 employees following acquisition

NEWS, Business

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.

 

 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020