# Metso to acquire McCloskey for EUR 279M

Metso agreed to acquire Canadian crushing and screening specialist McCloskey for EUR 279 million. Metso also plans to merge with Outotec by mid-2020 and spin off its Flow Control segment as Neles.

- Type: Acquisition
- Announced: 2019-08-15
- Where: Canada
- Value: $310.0M (279.0M EUR)
- Status: announced
- Products: crushing and screening equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Metso](https://endata.com/companies/240.md) (acquirer)
- [McCloskey](https://endata.com/companies/41391.md) (target)

## Sources

- [baumagazin-online.de](https://www.baumagazin-online.de/d/metso-uebernimmt-mccloskey-und-strebt-fusion-mit-outotec-an/), 2019-08-15: "Diese Übernahme stärkt unser Zuschlagstoffgeschäft in wichtigen Wachstumsbereichen."

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