Outotec Oyj Completes Acquisition of TME Group in Australia
Outotec Oyj announced that it has successfully completed the acquisition of Australian-owned TME Group. TME is a mining services company with offices throughout Australia and in South Africa. The transaction was announced on July 10, 2012. Financial terms of the transaction were not disclosed. TME provides grinding mill relining and mineral processing plant maintenance services to customers mainly in Australia, Africa and South East Asia. With annual sales of approximately EUR 35 million, TME has 130 permanent employees.
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