Outotec completes the acquisition of Biomin BIOX(R) technology in South Africa
Outotec has successfully completed the acquisition of the majority of the shares in Biomin South Africa Pty. Ltd. and certain assets from Biomin Technologies S.A. in Switzerland. Outotec got the full intellectual property and marketing rights of BIOX(R) bio-oxidation technology. The transaction was announced on July 31, 2015, the acquisition price was not disclosed.
Biomin's BIOX(R) bio-oxidation is a proven method for the pre-treatment of refractory gold ores, and it complements Outotec's portfolio of gold processing technologies. BIOX(R)'s its annual business volume has been some millions of euros. The acquisition will not impact Outotec's financial guidance for 2015.
"Combining the BIOX(R) bio-oxidation expertise with our engineering capabilities and proprietary equipment, such as grinding mills, reactors, cooling towers and thickeners, we can provide gold producers complete sustainable plants with life-cycle services", says Robin Lindahl, head of Outotec's Metals, Energy & Water business area.
