Metso Outotec has signed an agreement to acquire Tesab Engineering Ltd, a Northern Ireland based company offering mobile crushing equipment for aggregates applications, including quarrying, recycling, asphalt and concrete. Their turnover in 2021 was approx. EUR 30 million and they have more than 60 employees primarily in Europe. The value of the deal is not disclosed. It will have no material impact on Metso Outotec’s financials. Closing is expected to take place during the second quarter of 2022.
With the acquisition, Metso Outotec will complement its current offering in the mobile crushing and screening markets. Tesab’s product portfolio includes mobile jaw, impact and cone crushers, mobile screens, scalpers and stackers. Tesab will continue as an independent brand within Metso Outotec and manage its own distribution network.
“We are very glad to welcome Tesab to Metso Outotec. I am convinced that we can further develop their business. We intend to increase Tesab’s global reach by appointing new distributors and strengthening Tesab’s presence in new markets,” says Markku Simula, President of Aggregates business area in Metso Outotec.
Markku Simula, President, Aggregates business area, Metso Outotec, tel. +358 20 483 5692, email: markku.simula(at)mogroup.com
Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, www.metso.com/twitter/