Metso | Finland Australia Chamber of Commerce Inc

Metso acquires WEARX to strengthen its position in mining services in Australia

Metso Corporation’s press release in November 1, 2017 at 10:30 a.m. EEST

Metso has today closed the acquisition of an Australia-based wear lining solutions provider WEARX. The company’s sales in the fiscal year 2017 that ended on June 30 were AUD 35 million (EUR 23 million) and it has approx. 140 employees. WEARX has their headquarters in Newcastle, with operations also in Ballina, Orange and Perth.

“The acquisition is a good strategic fit for Metso, supporting our profitable growth strategy,” says Nico Delvaux, President and CEO of Metso. “Joining forces with WEARX gives us the opportunity to strengthen our position in the wear lining business and extends our offering for our Australian customers. We are very happy to welcome the WEARX team into Metso,” he continues.

About WEARX

WEARX is a wear solutions provider, addressing the needs of major mining customers by implementing wear technologies to deliver wear protection solutions. The company’s offering includes wear liners, rubber and ceramic lining, skirting, and bulk material handling equipment. The services portfolio includes design, engineering, site services and project management. Further details can be found on the company’s website at wearx.com.

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.

Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.

Metso is listed on the NASDAQ OMX Helsinki, Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 persons in more than 50 countries. Expect results.

Source: Metso Press Release 1 November 2017

METSO
Metso Process Technology and Innovation relocates global HQ to Brisbane

Global technology supplier Metso Process Technology and Innovation has announced the relocation of its global HQ to Brisbane.

Metso will relocate to the Queensland Centre for Advanced Technologies (QCAT) in the city’s west.

QCAT is a collaborative research precinct linking CSIRO, the Queensland State Government, Cooperative Research Centres and other R&D organisations.

It is one of the largest integrated research and development centres for the resources and associated advanced technology industries.

João Ney Colagrossi, President, Services business line, Mining and Construction, Metso, plans to further develop and provide advanced technological services and solutions to the local resources industry.

“This is another initiative to provide the most advanced services and solutions to our customers,” he said.

“This collaboration represents an opportunity for the local resources industry to access cost-effective R&D, specialised consulting, technical services and products.

“We can work together now to fast-track technology transfer, product development, commercialisation and support to enhance operational performance.”

Mr Colagrossi said Metso was involved in advanced consulting services, customer driven product innovation (advanced instruments, software and hardware) and R&D.

Over the last 10 years, Metso has conducted almost 400 projects globally – implementing methodologies which include throughput forecasting, geometallurgical modelling and co-efficient mining and processing.

Dr Mike McWilliams, Executive Manager of QCAT, said Metso’s presence at QCAT further enhanced Brisbane’s excellence in resources R&D.

“Metso will share QCAT’s infrastructure and collaborate with CSIRO on process improvement and innovation in minerals and energy,” he said.

“There are many opportunities for future joint CSIRO-Metso projects.”

www.metso.com

News courtesy of Invest Brisbane