Metso closes acquisition of HighService Service in Chile
Metso Corporation's press release on May 6, 2019 at 9:00 a.m. EEST
Metso has successfully completed its acquisition of HighService Service, the service division of the Chilean mining engineering, construction and technology company HighService Corp.
HighService Service offers its customers a variety of services from maintenance to commissioning and remote monitoring. The company has approximately 1,000 employees and it operates in Chile, Argentina and Brazil.
"This acquisition expands our service offering in the Chilean and Pacific Rim mining markets and supports Metso's growth strategy. It brings us more service experts to support our customers in the region and we are happy to welcome our new colleagues to Metso," says Mikko Keto, President of Metso's Minerals Services and Pumps business areas.
The acquisition was announced in January 2019 and was approved by the Chilean competition authority in March.
About HighService Service
HighService Service is a high-quality service provider for the mining industry. Its offering includes process plant maintenance services, asset management, reliability engineering, and remote monitoring and diagnostics. Prior to the acquisition it was part of the privately-owned HighService Corp. The company is based in Santiago, Chile.
Read more: www.metso.com/hss (https://www.metso.com/highservice-service-acquisition/)
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.2 billion in 2018. Metso employs over 13,000 people in more than 50 countries.
metso.com (http://www.metso.com/), twitter.com/metsogroup (http://www.twitter.com/metsogroup)
For further information, please contact:
Mikko Keto, President, Metso Minerals Services and Pumps business areas, Metso Corporation, +358 50 568 1187, Email: mikko.keto@metso.com (mailto:mikko.keto@metso.com)
Helena Marjaranta, Vice President, Communications and Stakeholder Relations, Metso Corporation, Tel. +358 20 484 3212, Email: helena.marjaranta@metso.com (mailto:helena.marjaranta@metso.com)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire
