Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp. With 1,300 employees and operations in Chile, Argentina and Brazil, HighService Service had EUR60 million ($69 million) in sales in 2017. The acquisition is pending regulatory approval from the Chilean authorities and is expected to close during the first half of 2019. The value of the transaction was not disclosed.
“The acquisition supports Metso’s growth strategy and will expand our service offering in the important Chilean and Pacific Rim mining markets,” said Mikko Keto, president of Metso’s Minerals Services business area.
“We have worked hard as a company to excel in services, development, innovation and technology in an industry that presents us new challenges every year,” Hugo Salamanca, president of HighService Corp., said. “This milestone will allow us to deepen our position in the area of engineering and construction, and continue to develop cutting-edge technology for the industry.”
HighService Service is divided into two areas, Plant Maintenance Service Management and Drive and Automatic Control Management, specializing in technical assistance and remote monitoring in concentrator plants. Since 1998, it has a solid track record with integral, electrical and instrumentation maintenance.