July 24, 2012

Outotec has signed an agreement to acquire the business of Australian-owned TME Group. TME is a mining services company, headquartered in Western Australia, with offices throughout Australia and in South Africa. The parties have agreed not to disclose the acquisition price. The completion of the transaction is subject to certain conditions expected to be fulfilled by the end of August 2012. The acquisition does not affect Outotec's financial guidance for 2012.With annual sales of approximately EUR 35 million, TME has 130 permanent employees and a large casual labor workforce.  TME provides grinding mill relining and mineral processing plant maintenance services to customers - mainly in Australia, Africa and South East Asia.  TME boasts an international reputation for a safe and cost-effective approach to relining grinding mills.-Image: OutotecSource: Outotec