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Metso Outotec, Helsinki, Finland, has acquired Tesab Engineering Ltd., a Northern Ireland-based company offering mobile crushing equipment for aggregates applications, including quarrying, recycling, asphalt and concrete. Tesab’s product portfolio includes mobile jaw, impact and cone crushers, mobile screens, scalpers and stackers.
The financial terms of the deal were not disclosed. The deal is expected to be completed during the second quarter. The company says the deal will have no material impact on its financials.
According to a news release from Metso, Tesab’s turnover in 2021 was about EUR 30 million ($32,655,000), and they have more than 60 employees primarily in Europe. The company says Tesab will continue as an independent brand within Metso Outotec and manage its own distribution network.
With the acquisition, Metso Outotec will complement its current offering in the mobile crushing and screening markets. The company says it plans to increase Tesab’s global reach by appointing new distributors and strengthening the company’s presence in new markets.
“We are very glad to welcome Tesab to Metso Outotec," says Markku Simula, president of Aggregates business area in Metso Outotec. "I am convinced that we can further develop their business.”
Editors note: Recycling Today has reached out to Metso Outosec for more information.
