Finnish mining and metal manufacturing equipment provider Outotec has announced that it has finalized the acquisiton of Edmeston AB, a Swedish company specialized in engineering and supply of process equipment used primarily in sulfuric acid plants, after successful completion of the confirmatory due diligence.
SteelOrbis announced Outotec's acquisition of all shares in Edmeston AB on April 29, 2010, which was subject to completion of due dilligence. Edmeston has unique know-how of special stainless steel grades suitable for use in highly corrosive environments. Edmeston's annual revenues are approximately €10 million, and it employs around a dozen professionals.