Finnish aggregates equipment manufacturer Metso has agreed to acquire Swedish aggregate machinery provider PJ Jonsson och Söner, which specialises in mobile crushing and screening equipment.
The value of the transaction has not been disclosed, but PJ Jonsson och Söner’s sales in 2017 reached SEK342 million (€33 million).
With this acquisition, Metso said it aimed to strengthen the breadth and availability of its product and service offering for the aggregates industry in the Nordic region.
The acquisition is expected to close in the third quarter of 2018, but it is subject to customary closing conditions, including clearance from the Swedish Competition Authority
Markku Simula, president of Metso’s aggregates equipment business area, said, “This acquisition is a good strategic fit for Metso, supporting our profitable growth strategy. Joining forces with PJ Jonsson och Söner gives us the opportunity to serve our Nordic customers with complementary offerings.”