Metso has confirmed it will make a major investment in China to expand its presence within the key market.
The initial investment includes the acquisition of screening business, operations and key assets of Selm (Beijing) Technology Co., Ltd. The acquisition will add to Metso’s offering to aggregates and mining customers within China.
“The acquisition is a significant step in advancing our regional strategy in screening of being closer to our customers, fostering a market-focused approach,” Metso’s vice president of screening Jouni Mähönen said.
“We are excited to enhance our role in China as a leading provider of screening solutions for large projects like super quarries. We warmly welcome new colleagues to contribute to our growth targets and improved customer service.”
Selm has around 180 employees and its operations are in Shenyang, Northeast China. The acquisition is subject to conditions and is expected to close in the second quarter of 2025. The two companies did not disclose the transaction value of the acquisition.
”Selm is a respected company with its products and services well recognized by the customers in both mining and aggregates industries. The acquisition will further enrich Metso’s product portfolio and strengthen our competitiveness and market position,” Metso’s president of Great China market area Xiaofeng Liang said.
“This move will enable us to provide comprehensive screening solutions in China, where Metso has a strong customer base and service capability in both the mining and aggregates industries.”
Selm founder Huifeng Tang added: “We have been developing our screening business over the past years, building expertise and strong reputation among customers. Moving forward, the screen offering will bring benefits for customers as part of Metso and our employees will get a valued new employer.”
