LACHINE, Quebec - METSO CORPORATION of Helsinki is buying a fabrication and machining facility near Montreal. The current owner is GE Energy, which plans to close the plant in mid-August. The participants declined to provide financial terms.
The acquisition increases Metso's supply capacity for large mining equipment. The heavy equipment manufacturing space of approximately 25,000 m2 features major machine tools and lifting power and is serviced by rail lines. The unit has recently been dedicated to the production of hydraulic turbines and power generation equipment. With excellent land and sea connections, the new facility can efficiently service Metso's customers worldwide. The facility will be able to start the supply of the complete range of Metso's mining process machinery immediately after the closing.
Approximately 200 GE Energy employees are expected to transfer to Metso.
Metso (www.Metso.com) is a global engineering and technology corporation with net sales of more than 6 billion in 2007. Its 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.
Comments