Metso Signs Contract to Acquire Swiss Company’s Technology

Metso, based in Helsinki, Finland, and Holzmag GmbH, Dornach, Switzerland, have signed a contract under which Metso will acquire Holzmag’s technology. According to a press release, the acquisition of technology rights will strengthen Metso's position as a leading technology and service provider for the mechanical treatment of solid waste.

The press release states that the acquisition will allow Metso to provide fine shredding equipment for a range of solid waste materials such as municipal and industrial solid waste, biomass, plastics, textiles, glass, aluminum and non-ferrous metals and wood.

Metso adds that the acquisition will enables the company to expand into new customer areas such as recycling of industrial refuse/waste and preparation of refuse derived fuel for combustion or gasification. Further, the acquisition will cover equipment within briquetting and pelletizing, which adds to Metso's technology offering for producing high energy value bio products.

"This type of technology is a perfect match with our existing competencies in shredding all kinds of solid waste. It offers a good basis to expand our offering both within our existing customer relations as well as to new customer areas, such as recycling of industrial waste, and in-house recycling for many different kinds of applications such as the plastics industry. We also will gain foothold in new technologies that complement our current offering for recycling customers and power generation customers," says René Gissinger, president of Metso’s recycling business line.

''For our recycling customers Metso is now a stronger partner in equipment for fragmentizing waste. Handling solid waste is becoming more important as there is a growing need to find alternatives for landfills and reuse all available resources on a global scale. The remaining waste can also be used as a source for energy at power plants,'' Gissinger continues.