First publishedon www.AggBusiness.com
has closed the acquisition of Australia-based wear lining solutions provider WEARX.
WEARX is a wear solutions provider, addressing the needs of major mining customers by implementing wear technologies to deliver wear protection solutions.
The company's offering includes wear liners, rubber and ceramic lining, skirting, and bulk material handling equipment. The services portfolio includes design, engineering, site services and project management.
WEARX’s sales in the fiscal year 2017 that ended on 30June were AUD 35 million (€23 million) and it has some 140 employees.
WEARX has its 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.”