Under the offer, Larox shareholders will be receive 0.45 Outotec shares per each Larox series A share and 0.40 Outotec shares per each Larox series B share that they hold.
Outotec says that Larox’s filtration technologies complement its own technology portfolio and that the transaction supports Outotec’s industrial water treatment and energy sector activities. Larox also gives Outotec access to the chemical industry market.
"Our aim to supplement the technology portfolio became achievable through this share exchange arrangement. Larox’s products and services fit seamlessly into Outotec’s technology portfolio. The transaction also supports our objective of profitable growth. By combining our respective sales and service networks and product portfolios we can provide even more comprehensive solutions and services for minerals concentrators and metallurgical plants and generate more added value to our joint customer base,” said Tapani Järvinen, CEO of Outotec.
“I believe that this arrangement will provide Larox's employees with more diverse opportunities to develop their careers and all shareholders will be offered an opportunity to continue to invest in a strong company within the same industry. Also the customers will benefit from the increased resources, which will allow Larox to persistently develop and increase the filtration business,” said Timo Vartiainen, chairman of Larox.
