English | 简体中文 | 繁體中文 | 한국어
Share:
Metso agrees to acquire the service business of Chile's HighService Corp

Metso agrees to acquire the service business of Chile's HighService Corp

Metso Corporation's press release on 2.1.2019 at 2:00 p.m. EET

Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.

HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.

The acquisition is pending regulatory approval from the Chilean authorities and is expected to close during the first half of 2019. The parties have agreed not to disclose the value of the transaction.

"The acquisition supports Metso's growth strategy and will expand our service offering in the important Chilean and Pacific Rim mining markets. We are very happy to welcome HighService Service to Metso and look forward to offering full support to our existing and new customers in the region", says Mikko Keto, President of Metso's Minerals Services business area.

"We have worked hard as a company to excel in services, development, innovation and technology in an industry that presents us new challenges every year. This milestone will allow us to deepen our position in the area of engineering and construction, and continue to develop cutting-edge technology for the industry", says Hugo Salamanca, President of HighService Corp.

About HighService Service

HighService Service is part of HighService Corp, with extensive experience and recognized track record in integral, electrical and instrumentation maintenance since 1998. Building on the development of human capital and incorporation of new technologies, HighService Service is committed to providing safety, quality of services and operational excellence.

HighService Service is divided into two areas, Plant Maintenance Service Management and Drive and Automatic Control Management, specializing in technical assistance and remote monitoring in concentrator plants.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 2.7 billion in 2017. Metso employs over 12,000 people in more than 50 countries.

www.metso.comwww.twitter.com/metsogroup

For further information, please contact:

Mikko Keto, President, Minerals Services business area, Metso Corporation +358 20 484 100, Email: [email protected]

Helena Marjaranta, Vice President, Communications and Stakeholder Relations, Metso Corporation, Tel. +358 20 484 3212, Email: [email protected]





This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

Copyright © Thomson Reuters 2019. All rights reserved.
Press Releases
AMG Advanced Metallurgical Group N.V. Announces Weekly Share Repurchase Program Transaction Details  
Apr 19, 2019 21:00 ET
SDLP - Seadrill Partners LLC receives early termination notice for the West Capricorn contract  
Apr 18, 2019 13:29 ET
CF&B Communication : Copenhagen May 16, 2019 - 30 listed companies, 40 institutional investors in One-to-One  
Apr 18, 2019 10:21 ET
Invitation to UPM's webcast and press conference on first quarter 2019 results  
Apr 18, 2019 09:00 ET
Nokia provides recast comparative segment results and additional financial disclosures for 2018 reflecting the new financial reporting structure  
Apr 18, 2019 08:01 ET
Lubrizol to Feature New Bio TPU Grades for 3D Printing and Molded Parts at Plastteknik Fair 2019  
Apr 17, 2019 22:59 ET
JCPenney Names New Principal Accounting Officer and Announces Key Strategic Executive Appointments  
Apr 17, 2019 19:59 ET
Lubrizol is Ready for ILSAC GF-6 - Announcing Lubrizol® PV1510 Additive Technology for the GF-6 Specification  
Apr 16, 2019 03:59 ET
JANET BAWCOM JOINS INGREDION AS GENERAL COUNSEL AND CORPORATE SECRETARY  
Apr 15, 2019 22:29 ET
Lubrizol Showcases Renewable-Sourced Estane® 3D ECO TPU for 3D Printing at RAPID + TCT 2019  
Apr 12, 2019 20:29 ET
More News >>
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 5791 1818

Connect With us: