Metso has revealed the details of its latest acquisition which is set to be a major boost for quarries.
Metso has acquired the United Kingdom firm Tedd Engineering. The deal includes its portfolio of automation, control systems, and electrical solutions for mobile equipment and aftermarket, primarily focusing on the quarrying and aggregates industry.
Tedd has made a strong reputation from its Chesterfield headquarters which houses close to 70 employees. The British firm posted 15 million GBP ($28 million AUD) in revenue sales at the end of the financial year.
It comes on the back of the company expanding its manufacturing presence abroad in India. Metso hopes both recent announcements strengthen its commitment to the quarrying and aggregate industries.
“We are very happy to welcome Tedd Engineering to Metso. The acquisition clearly strengthens our capabilities to utilise digitalisation and automation in our mobile equipment business and especially in the aftermarket,” Metso’s aggregates business area president Markku Simula said.
“Tedd Engineering will offer new opportunities for the automation aftermarket business, including control system upgrades, digital solutions, and remote monitoring.
“Tedd Engineering has been a trusted automation supplier for Metso’s McCloskey brand already for several years and coming together will give us new opportunities to speed up our electrification and digitalization programs
Simula said the acquisition would see the continuation of Tedd Engineering’s customers’ current business and future investments.
Tedd Engineering chief executive officer Richard Hooper said it was a good move to join the Metso brand.
“Metso is one of the leaders in its field, and deepening our already long-standing cooperation by joining them is a very good next step for Tedd Engineering,” he said.
“I am sure that by broadening the scope of our advanced control systems more widely throughout their portfolio, we can enhance the already excellent digital and automation offering to their customers.”