Agency / Source: Metso Corporation

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Metso Acquires WEARX to Strengthen its Position in Mining Services in Australia - Metso has closed the acquisition of an Australia-based wear lining solutions provider WEARX - WEARX.com / Metso.com
Metso Acquires WEARX to Strengthen its Position in Mining Services in Australia

 

PRZOOM - /newswire/ - Helsinki, Finland, 2017/11/01 - Metso has closed the acquisition of an Australia-based wear lining solutions provider WEARX - WEARX.com / Metso.com. MEO1V.HE

   
 
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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 (wearx.com) 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.

About Metso

Metso (metso.com) 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.

Investor relations Contact: T: +358 20 484 3253

 
 
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Agency / Source: Metso Corporation

 
 

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Metso Acquires WEARX to Strengthen its Position in Mining Services in Australia

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Metso | WEARX
Contact: Helena Marjaranta - Metso.com 
+358 20 484 3212 helena.marjaranta[.]metso.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

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