Metso strikes a deal with truck body, bucket manufacturer

Metso agreed to acquire Häggblom, a privately owned Finnish engineering and manufacturing company whose offerings include mining truck bodies and buckets. 

Metso expects the acquisition to be completed this August.

Häggblom’s service portfolio includes wear parts, truck body and bucket refurbishments, as well as related field services. According to Metso, Häggblom served as a partner for several years in the manufacturing of truck bodies.

As Metso describes, the acquisition will broaden its offering in bodies and buckets by providing complete end-to-end loading and hauling solutions while strengthening the company’s position in the aftermarket. Metso aims to leverage Häggblom’s engineering and manufacturing expertise in collaboration with existing partners on a regional and global basis.

“Loading and hauling is a growing business, and our goal is to further develop our capability to serve our customers,” says Heikki Metsälä, president of the consumables business area at Metso. “Häggblom’s product range, manufacturing know-how and engineering capabilities, as well as service expertise, are a good addition to Metso’s wear parts portfolio. Häggblom’s employees will bring valuable skills to Metso, and we look forward to building on the great partnership we have developed over the years.” 

Häggblom employs about 100 people and has manufacturing, service and logistics units in Finland and Sweden. Its 2022 sales were about 25 million euros, according to Metso.

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