Metso acquires McCloskey for $317m.

Finnish engineering firm Metso acquires McCloskey International, a Canadian mobile crushing and screening equipment manufacturer for CAD420m ($317m) to expand its product range and client base. Financial terms were not disclosed. The acquisition is subject to customary closing conditions, including anti-trust approvals. Closing is expected to take place during Q4 2019. “This acquisition is in line with Metso’s profitable growth strategy. It strengthens our aggregates business in key growth areas. The different cycles of aggregates balance our previously more mining focused Minerals portfolio well,” Pekka Vauramo, Metso President and CEO.