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2015-08-13

Outotec Oyj: Outotec acquires Canadian company Kovit Engineering Limited to complement its tailings management solutions

OUTOTEC OYJ PRESS RELEASE AUGUST 13, 2015 at 2.00 PM

Outotec
acquires Canadian company Kovit Engineering Limited to complement its tailings
management solutions

Outotec has acquired the Canadian based Kovit Engineering Limited from its
founders. Kovit Engineering is one of the leading technical consulting and
engineering companies specializing in surface and underground mine tailings
solutions. Tailings are the materials left over after the process of
separating the valuable fractions from the ore. The acquisition complements
Outotec's existing dewatering and tailings treatment solutions and services
as well as strengthens Outotec's position as a global provider of sustainable
tailings management solutions. The parties have agreed not to disclose the
acquisition price. The acquisition will not impact Outotec's financial
guidance for 2015.

Kovit Engineering's annual sales are some EUR 5-10 million and its
approximately 30 specialists in Sudbury, Canada, will transfer to Outotec.

"Effective and safe disposal of mining wastes presents technical and
environmental challenges. This acquisition of Kovit Engineering will further
strengthen our position as a provider of sustainable and water-efficient
tailings management solutions to the mining industry", says Outotec CEO
Pertti Korhonen.

For further information please contact:

OUTOTEC

Kalle Härkki, President - Minerals Processing business area
Tel. +358 20 529 2901

Eila Paatela, Director - Corporate Communications
Tel. +358 20 529 2004, mobile +358 400 817198

Emails: firstname.lastname@outotec.com

DISTRIBUTION:
Main media
www.outotec.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Outotec Oyj via Globenewswire

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