Finland-based equipment manufacturer Metso says it has completed its acquisition of the Swedish mobile crushing and screening solution provider P.J. Jonsson och Söner. The agreement regarding the acquisition was announced in April 2018.
“This acquisition is an important step in implementing Metso’s growth strategy, allowing us to strengthen the breadth and availability of our product and service offering for the Nordic market,” says Markku Simula, president of Metso's Aggregates Equipment business area. “We are convinced that P.J. Jonsson och Söner’s know-how and solutions will align well with customer needs and complement Metso's current portfolio.”
Says Anders Jonsson, managing director of P.J. Jonsson och Söner, “We are excited by the opportunity to grow as part of Metso. This acquisition will benefit our customers as well as our employees, who are our most valuable asset.”
P.J. Jonsson och Söner supplies mobile crushing and screening plants to a range of customers in Sweden. The company’s sales in its 2017 fiscal year were €33 million ($38.4 million), and it has approximately 40 employees.
Metso offers equipment and services for the processing and handling of natural resources in the mining, aggregates, recycling and process industries. It is listed on the Nasdaq Helsinki exchange in Finland and had sales of about €2.7 billion ($3.1 billion) in 2017. Metso employs more than 12,000 people in more than 50 countries.