Metso has signed an agreement to acquire Ab A. Häggblom Oy, a privately owned Finnish engineering and manufacturing company. The company’s key offering includes mining truck bodies and buckets. Häggblom’s service portfolio includes wear parts, truck body and bucket refurbishments, as well as related field services. Häggblom has partnered with Metso for several years in the manufacturing of truck bodies.
The acquisition will broaden Metso’s offering in bodies and buckets by providing complete end-to-end loading and hauling solutions and strengthening the company’s position in the aftermarket. The aim is to leverage Häggblom’s strong engineering and manufacturing expertise in collaboration with existing partners on a regional and global basis.
The acquisition is estimated to be finalized in August 2023. The parties have agreed not to disclose the transaction value, which has no material impact on Metso’s financials.