Fredericks Michael & Co. acted as the exclusive financial advisor to Outotec Oyj on its USD 90 million acquisition of Energy Products of Idaho. Energy Products of Idaho operates in the fast growing renewable and waste to energy market. The acquisition price consisted of two components: a fixed portion and an earn-out payment based on future financial performance.
The acquisition strengthens Outotec’s portfolio of energy and environmental technologies and supports Outotec’s long term growth strategy. In addition, Outotec’s and Energy Products of Idaho’s combined expertise and product portfolios represent turnkey solutions for the renewable energy and waste-to-energy market. FM&Co. advised Outotec throughout a competitive acquisition process on topics including valuation, structuring, due diligence and negotiations through closing.
About Outotec Oyj
Outotec Oyj (Espoo, Finland) develops and provides technology solutions for the sustainable use of Earth's natural resources. As the global leader in minerals and metals processing technology, Outotec has developed over decades several breakthrough technologies. The company also offers innovative solutions for the chemical industry, industrial water treatment and the utilization of alternative energy sources. Outotec's LTM sales totaled approximately EUR 1.2 billion as of September 30, 2011 and it employs approximately 3,670 people. Outotec's shares are quoted on NASDAQ OMX Helsinki under the ticker symbol OTE1V. For more information about Outotec, visit www.outotec.com.
About Energy Products of Idaho
Energy Products of Idaho Limited Partnership (referred to as “EPI”) headquartered in Coeur d’Alene, Idaho has pioneered the development of biomass and difficult waste-to-energy combustion and has delivered over 100 renewable energy installations in North America and Europe. The company employs 70 people in Idaho and is expected to generate EUR 60-90 million in turnover annually. For more information about Energy Products of Idaho, visit www.energyproducts.com
