Diverse heritage and local operations
At first, it was a bundle of separate companies working in different industries: Lokomo was a manufacturer of trains and forest machines, Neles and Jamesbury worked on flow control solutions, Ateliers Bergeaud Mâcon concentrated on crushers and trommels, and Nordberg focused on steam machines and crushing equipment used in mines. Five companies in three countries and on two continents making their mark. Any familiar names there?
In 1982, the Finnish companies Lokomo and Neles joined forces – the unusual alliance between heavy machinery and flow control solutions was born. They had already developed their own technologies over the decades, and the companies were based in Finland, with growing exports.
During 1987 and 1988, the first bold expansion moves were made. The company, later to be known as Metso, went on to acquire Ateliers Bergeaud, Nordberg, and Jamesbury to compliment the offerings of Lokomo and Neles. At the time, the investment was significant and kicked off the company’s internationalization.
In 1999, this flexible and agile organization merged with another Finnish company with more formal and integrated ways of working. There were differences in the ways of working, but for both, it was all about high-quality engineered products and building up strong global market positions. Continuing the journey as one, the name Metso was taken into use.
Globalization of operations and culture
The acquisition of Svedala in 2001 sealed the transition from being an international company to a true global operator: through it, Metso became the world leader in the mining business, included pumps and recycling in its portfolio, and started to shift towards being a service-oriented company. Acquiring Svedala wasn’t only about growing our offering; it was more. Once again, it was an indication of courage and boldness.
With these changes, the global corporate culture started to take over from local, family businesses’ traditions. However, some of them remained – For example, the Nordic heritage has always shown in our culture as equality and an open-door policy which is still true today.
At the beginning of the 21st century, the Metso family was large and varied. After several divestments and a demerger in 2013, we have focused on our core competences: minerals processing and flow control solutions. We have found our way to navigate through changes in organization, market conditions and megatrends. Now, the future is ours to shape.
In 2018, Metso celebrates its 150th anniversary. This post offers one viewpoint to our history - see the whole journey at metso.com/history.
SVP, Mergers & Acquisitions