We represented Metso Outotec in the divestiture of Outotec Turula Oy to UAB Arginta Engineering in Lithuania. The closing of the transaction is expected to occur on 1 October 2021.
Outotec Turula Oy manufactures equipment and components used in the minerals processing and metals refining industries. All the existing approximately 120 employees will continue as employees of Outotec Turula Oy. Metso Outotec has signed a long-term manufacturing service agreement with the new owner.
Arginta Engineering specialises in the engineering and manufacturing of machinery and equipment for several industry segments, and its customers are mainly located in the Nordic countries. Arginta Engineering operates two manufacturing locations in Lithuania and employs over 200 manufacturing and engineering specialists.