Metso Outotec Oyj : acquisition of Tedd Engineering closed
November 01, 2023 at 10:33 am EDT
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Press releaseNovember 1, 2023
Metso's acquisition of Tedd Engineering closed
Metso Corporation's press release on November 1, 2023, at 04.30 p.m. EET
Metso's acquisition of Tedd Engineering, a privately owned company specialized in automation, control systems and electrical solutions for mobile equipment and aftermarket primarily for the aggregates business has been successfully completed.
The acquisition was initially announced on October 2, 2023.
Further information
Toni Laaksonen, SVP, Materials Processing Products, Aggregates business area, Metso, tel. +358 401 593 535, toni.laaksonen(at)mogroup.com
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, helena.marjaranta(at)mogroup.com
Metso is a frontrunner in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By helping our customers increase their productivity, improve their energy and water efficiency and environmental performance with our process and product expertise, we are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 16,000 people in close to 50 countries and sales for 2022 were about EUR 5.3 billion. The company is listed on the Nasdaq Helsinki. metso.com, x.com/metsoofficial
Metso Outotec Oyj published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2023 14:32:06 UTC.
Metso Outotec Oyj specializes in the design, development, construction and maintenance of factories and equipment intended for the metallurgy and mining industries. Net sales break down by activity sector as follows:
- mining (63.5%): crushing machines, screening machines, handling equipment, etc. ;
- aggregates industry and quarrying (27.3%): production plants, stations, modules and equipment, crushing and screening equipment, handling equipment, etc.;
- metal refining and processing (9.2%): extraction sites, non-ferrous concentrate baking units, copper, nickel, zinc, lead and precious metals foundries and refineries, grinders, floating machines, control and analysis systems, separators, iron processing into small balls units, etc.
Net sales are distributed geographically as follows: Finland (1.5%), Europe (21%), North and Central America (22.9%), Asia/Pacific (22.4%), South America (17.3%), Africa/Middle East/India (14.9%).