Metso Corporation has acquired UK-based engineering company Tedd Engineering in a bid to strengthen its aggregates digital and automation capacities.
“We are very happy to welcome Tedd Engineering to Metso,” Metso president aggregates business area Markku Simula said. “The acquisition clearly strengthens our capabilities to utilise digitalisation and automation in our mobile equipment business and especially in the aftermarket.
“We are committed to serving all of Tedd Engineering’s current customers as well as developing new solutions for them. The current Tedd Engineering customers will see the continuation of their business and future investments.”
The acquisition is expected to close during the fourth quarter of 2023, with the parties agreeing to not disclosing the transaction value.
“Beyond Metso’s own mobile products, Tedd Engineering will offer new opportunities for the automation aftermarket business, including control system upgrades, digital solutions, and remote monitoring,” Simula said.
“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 digitalisation programs.”
Tedd Engineering currently employs approximately 70 people and is based out of Chesterfield in the UK, about 75km from Manchester.
“Metso is one of the leaders in its field, and deepening our already long-standing co-operation by joining them is a very good next step for Tedd Engineering,” Tedd Engineering chief executive officer Richard Hooper 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.”
Metso recently announced that Rio Tinto had ordered an additional 10 HP series cone crushers to be installed at the Tom Price iron ore mine in Western Australia.