Metso signed an agreement to acquire Tedd Engineering, a privately owned company specializing in automation, control systems and electrical solutions for mobile equipment and the aftermarket.
Tedd Engineering’s primary focus is aggregates, according to Metso. The company is based in the U.K.
“The acquisition clearly strengthens our capabilities to utilize digitalization and automation in our mobile equipment business and especially in the aftermarket,” says Markku Simula, president of the aggregate business area at Metso. “We are committed to serving all of Tedd Engineering’s current customers, as well as developing new solutions for them. The current Tedd Engineering customers will see the continuation of their business and future investments.”
Tedd Engineering has been an automation supplier for Metso’s McCloskey brand for several years.
“Coming together will give us new opportunities to speed up our electrification and digitalization programs,” Simula says.
Metso expects the acquisition the be completed in the fourth quarter of 2023.
“Metso is one of the leaders in its field, and deepening our already longstanding cooperation by joining them is a very good next step for Tedd Engineering,” says Richard Hooper, CEO of 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.”
