Metso Chile press release published on January 2, 2019 at 11:00 a.m. TSE
Metso signed an agreement with HighService Corp to acquire 100% of the property of its subsidiary HighService Service, a leading company in integral, mechanical, electrical and instrumentation maintenance services for mining, which has operations in Chile, Argentina and Brazil, and with 1300 employees.
The acquisition is pending regulatory approval from Chilean authorities and is expected to close during the first half of 2019.
“This operation supports Metso’s growth strategy and will expand our service offering in the important mining markets of both Chile and Pacific Rim. We are very pleased to welcome HighService Service and we hope to offer more complete support to our current and future clients in the region “says Eduardo Nilo, Senior Vice President of the Pacific Rim market area and General Manager of Metso Chile. Pacific Rim covers all of South America except Brazil.
“As a company we have worked hard to be leaders in maintenance services and this transaction is a recognition of our successful career. At HighService Corp we will continue to develop our global leadership, focusing on engineering and construction and the development of technologies in the field of robotics, automation and artificial intelligence, where our company has been a pioneer and has achieved important achievements with the seal of excellence and innovation that has characterized us throughout our history, “comments Hugo Salamanca, President of HighService Corp.
HighService Service (HSS) is a subsidiary of the holding HighService Corp, with extensive experience and more than 20 years of recognized trajectory in integral maintenance, mechanical, electrical and instrumentation, specialized technical assistance and remote monitoring of ring motor drives. Based on the development of human capital and the incorporation of new technologies, HSS provides security, quality of service and operations of excellence.
Metso is a leading industrial company in the world that offers equipment and services for sustainable processing and the flow of natural resources in the mining, aggregate, recycling and process industries. With our unique knowledge and innovative solutions, we help our clients improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of approximately 2,700 million euros in 2017. Metso employs more than 12,000 people in more than 50 countries.