Outotec has agreed to acquire all shares in Demil Manutenção Industrial Ltda in Brazil from Marcos Del Pupo and his children. Demil provides industrial maintenance services for iron ore pelletizing plants and is located in Guarapari, Espírito Santo in Brazil. The parties are not to disclosing the acquisition price.
Demil has approximately 300 employees and its annual sales are at the level of EUR 10 million. According to a Outotec press release, the acquisition will provide a platform for further developing its service business and capabilities in Brazil.
— We intend to further develop various service capabilities, such as operation and maintenance services, related to our proprietary technologies, says Outotec CEO Pertti Korhonen.
Outotec expects to double the annual sales of the Demil business in two to three years.