Deal for automation specialist to help Metso speed up digitalisation
02 October 2023
Metso has signed an agreement to acquire United Kingdom-based company Tedd Engineering, a specialist in automation, control systems, and electrical solutions for mobile equipment, that is primarily focused on the aggregates sector.
Tedd Engineering has a staff of around 70 people and has been in operation for over 30 years. A longstanding automation supplier for the McCloskey crushing and screening equipment brand, in June the company 2023 announced annual sales of GB£15 million (US$18.2 million).
Markku Simula, President, Aggregates business area at Metso, said: “The acquisition clearly strengthens our capabilities to utilize digitalization and automation in our mobile equipment business and especially in the aftermarket.
“We are committed to serving all of Tedd Engineering’s current customers as well as developing new solutions for them.
Markku added: “Beyond Metso’s own mobile products, Tedd Engineering will offer new opportunities for the automation aftermarket business, including control system upgrades, digital solutions, and remote monitoring.
“Tedd Engineering has been a trusted automation supplier for Metso’s McCloskey brand already for several years and coming together will give us new opportunities to speed up our electrification and digitalization programs.”
While Metso has declined to reveal the value of the acquisition, the deal for Tedd Engineering is expected to be completed during the fourth quarter of this year (2023).
Richard Hooper, CEO of Tedd Engineering, said: “Metso is one of the leaders in its field, and deepening our already long-standing co-operation by joining them is a very good next step for Tedd Engineering.
“I am sure that by broadening the scope of our advanced control systems more widely throughout their portfolio, we can enhance the already excellent digital and automation offering to their customers.”