M&A Deal Summary

Tevo Oy Acquires Metso - Tampere Foundry

On April 13, 2015, Tevo Oy acquired metals/mining company Metso - Tampere Foundry from Metso Outotec

Acquisition Highlights
  • This is Tevo Oy’s 1st transaction in the Metals/Mining sector.
  • This is Tevo Oy’s 1st transaction in Finland.

M&A Deal Summary

Date 2015-04-13
Target Metso - Tampere Foundry
Sector Metals/Mining
Buyer(s) Tevo Oy
Sellers(s) Metso Outotec
Deal Type Divestiture

Target

Metso - Tampere Foundry

Finland
Metso Corp. - Tampere Foundry comprises steel foundry operations. The foundry is located in Finland.

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Buyer(S) 1

Buyer

Tevo Oy

Saloinen, Finland

Category Company
Founded 1974
Sector Machinery
DESCRIPTION

TEVO Oy is a private-owned limited company manufacturing and servicing industrial machinery and equipment. Company manufacture also offshore equipment and NiAl propellers for marine vessels. Company customers come mainly from steel, paper, chemical and shipbuilding industry. TEVO has versatile machinery and equipment suitable for heavy steel machining.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Metso Outotec

Helsinki, Finland

Category Company
Founded 1990
Sector Machinery
Employees17,424
Revenue 4.9B EUR (2024)
DESCRIPTION

Metso is a frontrunner in sustainable technologies, end-to-end solutions, and services for the aggregates, minerals processing, and metals refining industries globally. Metso was founded in 1990 and is based in Helsinki, Finland.


DEAL STATS #
Overall 7 of 9
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 6 of 8
Country: Finland M&A 3 of 3
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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EPT Engineering Services provides design, detail engineering and value added services such as conceptual design and 3D modeling to the power, pulp and paper, oil, gas and petrochemical industries. The company has 90 employees.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 McCloskey International

Keene, Ontario, Canada

McCloskey International Ltd. is a Canadian mobile crushing and screening equipment manufacturer. McCloskey line is used in a wide range of industries which include aggregates, landscaping, infrastructure and road building, construction and demolition, mining, waste management, and recycling.

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