Metso has signed an agreement to acquire Ab A. Häggblom Oy, a privately owned Finnish engineering and manufacturing company. The company’s key offering includes mining truck bodies and buckets. Häggblom's service portfolio includes wear parts, truck body and bucket refurbishments, as well as related field services. Häggblom has partnered with Metso for several years in the manufacturing of truck bodies.
The acquisition will broaden Metso’s offering in bodies and buckets by providing complete end-to-end loading and hauling solutions and strengthening the company’s position in the aftermarket. The aim is to leverage Häggblom's strong engineering and manufacturing expertise in collaboration with existing partners on a regional and global basis.
“Loading and hauling is a growing business, and our goal is to further develop our capability to serve our customers. Häggblom's product range, manufacturing know-how and engineering capabilities, as well as service expertise are a good addition to Metso's wear parts portfolio. Häggblom’s employees will bring valuable skills to Metso, and we look forward to building on the great partnership we have developed over the years,” says Heikki Metsälä, President, Consumables business area, Metso.
“This is the beginning of an exciting new chapter for our company. We have successfully cooperated with Metso for many years, and we are now excited to become part of an international company. We are confident that our expertise and products will align well with Metso's loading and hauling offering. This acquisition will benefit our customers and employees who are our most important assets,” says Jukka Karhula, CEO, Häggblom.
The acquisition is estimated to be finalized in August 2023. The parties have agreed not to disclose the transaction value, which has no material impact on Metso’s financials.
About Ab A. Häggblom Oy
Ab A. Häggblom Oy’s ownership is divided between Finnish private equity investors and the management. The company has around 100 employees, with manufacturing, service, and logistics units in Kokkola and Kalajoki, Finland, and in Luleå, Sweden. Häggblom’s sales in 2022 were approximately EUR 25 million. The company serves major mining companies in the Nordics.
Further information, please contact:
Heikki Metsälä, President, Consumables business area, Metso, tel. +358 20 484 142, email: heikki.metsala(at)mogroup.com
Jukka Karhula, CEO, Ab A. Häggblom Oy, tel. +358 207 658 201, email: jukka.karhula(at)haggblom.fi
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, email: 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 Helsinki, 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, www.metso.com/twitter/
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