SMS group acquires parts of Metso’s metals business
SMS group has signed an agreement with Metso Corporation to acquire parts of their portfolio for sustainable metals production. Metso is a technology and services provider in the aggregates, minerals processing and metals refining industries. The transaction includes technologies which SMS aims at developing further to the benefit of customers, supporting the green steel strategy as well as further strengthening the service portfolio, e.g. with sintering and traveling grate pelletizing as well as fluidized bed technologies. The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals. The deal also includes ongoing business activities and the growing service business related to these technologies.
“We are very pleased to add these technologies to our product portfolio including the respective know-how carriers. With this acquisition we pursue our ambition to be a leading partner for the green transformation of the metals industry,” says Thomas Hansmann, Chief Technology Officer of SMS group.
Approximately 180 employees, primarily based in Germany, India and China, are planned to join the SMS group at the closing of the transaction.
About Metso
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change. Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion.
