Metso completes acquisition of Tedd Engineering
Technology company Metso Oyj has successfully finalized its acquisition of Tedd Engineering, a specialist in automation and control systems for mobile equipment.
Metso Oyj has completed the acquisition of Tedd Engineering, a privately owned company specializing in automation, control systems, and electrical solutions for mobile equipment and aftermarket services, primarily within the aggregates sector. The deal was initially announced on October 2, 2023.
The acquisition is expected to enhance Metso's capabilities in the aggregates industry by integrating Tedd Engineering's expertise in automation and electrical systems for mobile machinery. This move aims to provide customers with more comprehensive solutions that improve operational efficiency and productivity.
Metso provides sustainable technologies and end-to-end solutions for the global aggregates, minerals processing, and metals refining industries. The company focuses on helping customers increase productivity and improve energy and water efficiency, as well as environmental performance.
Headquartered in Espoo, Finland, Metso employs over 16,000 people in nearly 50 countries. The company's sales for 2022 were approximately EUR 5.3 billion. Metso is listed on the Nasdaq Helsinki.