Sao Paulo, Helsinki | Brown Gibbons Lang & Company (BGL), a leading independent middle market investment bank, together with its partners in Brazil and Finland, are pleased to announce the sale of Demil Manutenção Industrial Ltda (Demil) to Outotec Oyj (HLSE: OTE1V) (Outotec).
Founded in 2003 and based in Guarapari, Brazil, Demil provides industrial maintenance services for iron ore pelletizing plants. Outotec plans to use Demil as a platform to further develop its service business and capabilities in Brazil. The company expects to double the annual sales of the Demil business in two to three years.
Headquartered in Espoo, Finland, Outotec develops and provides process solutions, technologies, and services for the minerals and metals, water, energy, biomass, and chemical processing industries. The company sells its products and services in Europe, the Middle East and Africa, Asia, Australia, and North and South America. Outotec employs more than 3,900 people and has offices in 25 countries. The company reported revenue of $2.1 billion and EBITDA of $193.3 million for the LTM period ended March 31, 2012.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers & acquisitions advisory services, debt & equity placements, financial restructuring advice, and valuations & financial opinions, with global industry teams in healthcare, consumer, business services, basic industrials, and real estate. BGL has offices in Chicago, Cleveland and Salt Lake City, and Global M&A partner offices in more than 40 countries across 5 continents, which allows us to deliver our clients unparalleled access to corporations, investors, and opportunities globally. For more information, visit www.bglco.com.