Metso Outotec to acquire Tesab

By Steve Ducker11 April 2022

Sustainable technology specialist Metso Outotec has signed an agreement to acquire Tesab Engineering, a Northern Ireland-based company offering mobile crushing equipment for aggregates applications including recycling.

While not disclosing the sum involved in the acquisition, Metso Outotec said the deal would have “no material impact on its financials”.

Markku Simula Metso Outotec Markku Simula, president, Metso Outotec aggregates business area. (Photo: Metso Outotec)

Closing is expected to take place before the end of June.

This is the Finnish company’s second major acquisition in the crushing and screening sector in three years, following its purchase of Canada-based McCloskey International in 2019.

Tesab, whose product portfolio includes mobile jaw, impact and cone crushers, mobile screens, scalpers and stackers, will continue as an independent brand within Metso Outotec and manage its own distribution network. Its turnover for 2021 was around €30 million (US$32.7 million).

“We are very glad to welcome Tesab to Metso Outotec,” said Markku Simula, president of the aggregates business area.

“I am convinced that we can further develop their business. We intend to increase Tesab’s global reach by appointing new distributors and strengthening Tesab’s presence in new markets.”

Metso Outotec’s recently published annual report says orders across the company’s products and services grew by more than 30%, while sales were up by 9%.

In the aggregates business, sales for 2021 were just over €1.2 billion ($1.3 billion), compared to €992 million ($1.08 billion) the previous year, a rise of 21%.

Operating profit grew by 56% to €148 million ($161 million) in the same period, increasing from 9.5% of sales to 12.3%.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Demolition & Recycling International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Appetite for waste solutions ‘stronger than ever’ according to CDE
Wet processing ‘open house’ event attracts visitors from across Americas 
Powerscreen to highlight crushing equipment at Bauma
The company will exhibit alongside its German distributors
CONNECT WITH THE TEAM
Steve Ducker Editor, Demolition & Recycling International Tel: +44(0) 1892 786 210 E-mail: steve.ducker@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA