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[October 2008]
Metso Extends Belt Services With Acquisition in Australia
Metso (Helsinki, Finland) will acquire G&F Beltline Services Pty Ltd, a provider of conveyor belt installations and maintenance services to the mining industry based in Jandakot, Western Australia. The seller is a private family trust. The value of the deal is approximately €7 million. The company was due to be transferred to Metso and integrated into Metso Minerals' Mining business line on 15 October 2008.
www.metso.com
The transaction provides Metso with a belt fabrication shop in Jandakot and four service workshops close to Western Australia's mining activity. The shop fabricates conveyor belts and auxiliary equipment and is able to handle belt reels and jobs of any size and complexity. Metso looks forward to continuing servicing the belt lines for Beltline’s current mining customers and to expanding the installed base further. Furthermore, Metso intends to apply the acquired service network and resources for further strengthening its overall services and offering towards the mining industry in Western Australia.
Approximately 90 employees are expected to transfer to Metso. The new workforce will allow, for instance, the expansion of Metso’s consultation, training and monitoring services in Australia. Beltline was established in 1985 and its annual net sales are approximately €11 million.
The acquisition is a part of Metso’s profitable growth strategy to develop its services business. Metso's target is to enhance lead times and efficiency of deliveries, enabling larger order intake of capital equipment and major projects.
ENDS