Outotec acquires Kiln Services Australia
Outotec has strengthened its service offering in South East Asia by acquiring the furnace refractory demolition business of Kiln Services Australia on December 9, 2011. Outotec said that the acquisition supports its strategy “to expand its service offerings and complements Outotec’s portfolio of shutdown services to the mining, metals processing and refractory industries.” The acquired business is based on specialised robotic refractory demolition equipment and related know how. The equipment is used on a range of kilns including large rotaries employed in the cement, ferroalloys and other industries.Kiln Services Australia is based in Perth and has service centres in both Adelaide and Tasmania. “Our target is to grow our annual services sales to €500 million by 2015. This acquisition will expand our offerings and strengthen our capabilities to provide furnace shutdown services to our customers in the South East Asia Pacific region”, said Outotec CEO Pertti Korhonen. The annual sales of the acquired business have been a few million Euros in recent years but Outotec envisages doubling it in the Australian and South East Asian Pacific market over the next three years.