Metso has today closed the acquisition of an Australia-based wear lining solutions provider WEARX. The company's sales in the fiscal year 2017 that ended on June 30 were AUD 35 million (EUR 23 million) and it has approx. 140 employees. WEARX has their headquarters in Newcastle, with operations also in Ballina, Orange and Perth.
"The acquisition is a good strategic fit for Metso, supporting our profitable growth strategy," says Nico Delvaux, President and CEO of Metso. "Joining forces with WEARX gives us the opportunity to strengthen our position in the wear lining business and extends our offering for our Australian customers. We are very happy to welcome the WEARX team into Metso," he continues.