Outotec has successfully completed the acquisition of all interests in Energy Products of Idaho Limited Partnership in Coeur d'Alene, the United States.

The acquisition strengthens Outotec's portfolio of energy and environmental technologies and supports the company's growth strategy. EPI is expected to increase Outotec's sales by EUR 60-90 million annually, including synergies from stronger combined sales and service network.

The acquisition price consists of two components: a fixed cash element of approximately EUR 43 million and an earn-out payment of EUR 25 million at maximum based on EPI's financial performance in 2012 and 2013. The acquisition is in line with Outotec's long term financial targets and does not impact the company's financial guidance for 2011.

Mr Pertti Korhonen CEO of Outotec said that "Energy Products of Idaho operates in the fast growing renewable and waste to energy market. Its products and services fit seamlessly into Outotec's technology portfolio. By combining our expertise and product portfolios we can provide sustainable technology solutions and services for the renewable energy sector and increase our market share.”