Metso has completed the acquisition of a 75% stake in Shaorui Heavy Industries Ltd, a Chinese producer of crushing and screening equipment.
Metso has an option to purchase the remaining 25% of Shaorui Heavy Industries in the future.
“The acquisition is an important step for us and helps us gain deeper knowledge of the products and customers in the Chinese construction markets. Our aim is to better serve the needs of our Chinese customers by developing a market driven technology offering for China. This will be done by utilizing the technological know-how of both Shaorui and Metso to further enhance our product offering,” said Pekka Pohjoismäki, president of Metso Mining and Construction’s Crushing and Screening business line.