Outotec has acquired the Canadian-based Kovit Engineering Ltd. from its founders. Kovit Engineering is one of the leading technical consulting and engineering companies specializing in surface and underground mine tailings solutions. The acquisition complements Outotec’s existing dewatering and tailings treatment solutions and services, as well as strengthens its position as a global provider of sustainable tailings management solutions. The value of the transaction was not disclosed.
Kovit Engineering’s annual sales are some EUR 5-10 million and its approximately 30 specialists in Sudbury, Canada, will transfer to Outotec.
“Effective and safe disposal of mining wastes presents technical and environmental challenges. This acquisition of Kovit Engineering will further strengthen our position as a provider of sustainable and water-efficient tailings management solutions to the mining industry,” said Outotec CEO Pertti Korhonen.