Metso Outotec adds wear monitoring tech company
By Jenny Lescohier03 August 2020
Metso Outotec has acquired Australia-based fastener and wear monitoring technology provider Davies Wear Plate Systems to extend its wear lining portfolio and capabilities.
Davies Wear Plate Systems provides fasteners with a proprietary locking mechanism that does not require traditional studs and nuts, enabling faster and safer maintenance work, according to reports.
The company’s portfolio also includes wear monitoring technology which provides a real-time forecast of wear and expected liner change-out timing. The monitoring solution can be fitted to any metallic or ceramic liner, independent of attachment systems.
“This acquisition supports our target to offer comprehensive and unique solutions for the entire wear lining value chain,” says Sami Takaluoma, president of consumables at Metso Outotec. “We are eager to introduce these advanced solutions globally to our customers. The new technology will increase safety during maintenance and increase uptime.”
The recently acquired technology is already used by major mining companies, such as Rio Tinto, BHP Group and Fortescue Metals Group in Australia, according to Metso Outotec.
“Our products are ready to be rolled out to the global mining market. We are excited that we are now a part of a truly international company,” says Brian Davies, founder, Davies Wear Plate Systems.
The value of the transaction was not disclosed.
Metso Outotec, a new company with leadership in sustainable minerals and metals processing and recycling technologies, began operations in July 2020. Headquartered in Finland, Metso Outotec’s half-year report will be published on 5 August and will comprise the first financial results since the newly merged business began operations under the leadership of president and CEO Pekka Vauramo. The company has reported predictions that performance will be better than market expectations.
Davies Wear Plate Systems reported fiscal year 2020 sales of AUD17 million (US$12 million).