# Metso to acquire McCloskey International for CAD 464M

Metso signed an agreement to acquire McCloskey International, a Canadian mobile crushing and screening equipment manufacturer, for CAD 464 million (EUR 308 million) in pro forma sales. The acquisition expands Metso's aggregates offering globally.

- Type: Acquisition
- Announced: 2019-06-10
- Where: Canada
- Value: $350.0M (464.0M CAD)
- Status: announced
- Products: mobile crushing and screening equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Metso](https://endata.com/companies/240.md)
- [Metso](https://endata.com/companies/240.md) (acquirer)
- [Outotec](https://endata.com/companies/776.md) (target)
- [McCloskey International](https://endata.com/companies/25869.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/06/10/1866113/0/en/metso-to-accelerate-growth-in-aggregates-with-the-acquisition-of-mccloskey.html), 2019-06-10: "This acquisition is in line with Metso's profitable growth strategy."
- [mining.com](https://www.mining.com/web/finlands-metso-buys-canadas-mccloskey-for-317m/), 2019-06-10: "The different cycles of aggregates balance our previously more mining focused Minerals portfolio well."
- [metso.com](https://www.metso.com/corporate/media/news/2019/7/combination-of-outotec-and-metso-minerals---metso-flow-control-to-become-an-independent-company/), 2019-07-04: "Metso and Outotec have agreed to combine Metso Minerals and Outotec to create a leading company in process technology, equipment and services serving the minerals, metals and aggregates industries."
- [industrialinfo.com](https://www.industrialinfo.com/news/article/metso-minerals-outotec-announce-major-merger-an-industrial-info-market-brief--275027), 2019-07-05: "Metso Minerals, a subsidiary of Metso, will merge with Outotec to form a process-technology and equipment company."
- [miningweekly.com](https://www.miningweekly.com/article/metso-minerals-outotec-combine-forces-2019-07-12), 2019-07-12: "Metso Minerals, a subsidiary of global industrial company Metso, will merge with Finnish-listed technology company Outotec to form a leading process technology, equipment and services company serving the minerals, metals and aggregates industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.