Finnish industrial machinery company Metso has completed the acquisition of HighService Service, the service division of HighService Corp, a mining engineering, construction and technology firm in Chile.
HighService Service offers several services, including maintenance, commissioning and remote monitoring, and operates in Chile, Argentina and Brazil through 1,000 employees.
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Metso president of minerals services and pumps business areas Mikko Keto said: “This acquisition expands our service offering in the Chilean and Pacific Rim mining markets and supports Metso’s growth strategy.
“It brings us more service experts to support our customers in the region and we are happy to welcome our new colleagues to Metso.”
In January this year, the Finnish industrial machinery company announced that it will acquire HighService Service, and the proposed deal was approved by the Chilean competition authority in March.
At the time of announcement, HighService president Hugo Salamanca had said: “We have worked hard as a company to excel in services, development, innovation and technology in an industry that presents us new challenges every year.
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By GlobalData“This milestone will allow us to deepen our position in the area of engineering and construction, and continue to develop cutting-edge technology for the industry.”
The acquisition is expected to be completed in the first half of this year.
Keto had said earlier: “The acquisition supports Metso’s growth strategy and will expand our service offering in the important Chilean and Pacific Rim mining markets.
“We are very happy to welcome HighService Service to Metso and look forward to offering full support to our existing and new customers in the region.”
HighService Service offers process plant maintenance services, asset management, reliability engineering, and remote monitoring and diagnostics for the mining industry.
Metso offers equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries.
