Metso Oyj provides technology and services for the mining, aggregates, and metals refining industries. The company formed in 1999 through the merger of Finnish industrial giants Valmet Corporation and Rauma Corporation.
Headquartered in Espoo, Finland, Metso operates in approximately 50 countries. The company serves customers in mineral processing, rock crushing, and recycling applications. Its products include crushers, screens, grinding mills, and conveying systems.
Metso’s services business accounts for roughly 30% of annual revenue. The company focuses on sustainable solutions that reduce energy consumption and water use in mining operations. Metso trades on the Nasdaq Helsinki exchange under the ticker METSO.
Metso Oyj History
Metso Oyj Co-founders
Metso formed through a corporate merger rather than entrepreneurial founding. Three executives led the combined company at its inception in 1999.
Metso Oyj Revenue
Metso generated €4.86 billion in revenue during 2024. This represented a 9.8% decrease from the €5.39 billion recorded in 2023. The Minerals segment contributes approximately 60% of total sales.
Services and aftermarket business provides recurring revenue streams. This segment reached €1.6 billion in 2024, accounting for roughly 30% of group sales.
Metso Oyj Market Cap
Metso’s market capitalization stands at approximately $10.7 billion as of mid-2025. This ranks the company among the top industrial machinery manufacturers in Europe. The stock trades on Nasdaq Helsinki.
Metso Oyj Acquisitions
Metso built its market position through strategic acquisitions over two decades. The company targeted technology providers and regional manufacturers to expand capabilities and geographic reach.
The 2001 acquisition of Svedala Industri AB transformed Metso into a major minerals processing equipment supplier. Svedala brought rock crushing and screening technologies that became core to Metso Minerals. Integration challenges caused short-term losses exceeding €300 million before the business stabilized.
In the 2000s, Metso acquired Beloit’s paper machine technologies from the United States. This deal secured intellectual property rights and strengthened the paper machinery division that later became Valmet. The Tamfelt acquisition in 2009 added technical textiles and filter fabrics to the product portfolio.
Chinese market expansion drove several deals in 2012. Metso purchased 75% of Shaorui Heavy Industries, a mid-market crushing equipment maker. The company also formed a joint venture with LiuGong Group for mobile crushing equipment. These moves positioned Metso to serve China’s growing mining and construction sectors.
The 2020 combination with Outotec represented Metso’s largest structural change since its founding. The deal created a company covering the full minerals processing value chain from ore extraction to refined metals. Shareholders received 78% of the combined entity. The merger generated €100 million in cost savings and €150 million in synergies by eliminating overlapping operations across Europe, Africa, and the Americas.
Metso Oyj Competitors
Metso competes in the global mining equipment and minerals processing markets. Major rivals include European industrial groups and specialized equipment manufacturers serving mining, construction, and recycling industries.
| Company | Headquarters | Primary Segment |
|---|---|---|
| FLSmidth | Denmark | Mining, Cement Equipment |
| Sandvik | Sweden | Mining Equipment, Tools |
| Weir Group | United Kingdom | Mining, Oil and Gas |
| ThyssenKrupp | Germany | Industrial Solutions |
| Terex Corporation | United States | Construction, Aggregates |
| Caterpillar | United States | Mining, Construction |
| ABB | Switzerland | Automation, Electrification |
| Epiroc | Sweden | Mining, Infrastructure |
| Siemens | Germany | Industrial Automation |
| Komatsu | Japan | Mining, Construction |
FAQs
What does Metso Oyj manufacture?
Metso manufactures crushing, screening, and grinding equipment for mining and aggregates industries. The company also provides minerals processing solutions and aftermarket services globally.
Where is Metso Oyj headquartered?
Metso is headquartered in Espoo, Finland. The company operates manufacturing facilities and service centers in approximately 50 countries across Europe, Americas, Asia, and Africa.
When did Metso and Outotec merge?
Metso Minerals and Outotec merged on July 1, 2020, to form Metso Outotec. The combined company rebranded to Metso in 2023 after divesting non-core segments.
Is Metso a publicly traded company?
Yes, Metso trades on the Nasdaq Helsinki stock exchange under the ticker symbol METSO. The company was previously listed on the New York Stock Exchange until 2007.
What happened to the original Metso Corporation?
The original Metso Corporation demerged in 2014. Pulp, paper, and power businesses became Valmet Corporation. Mining and automation operations remained as the new Metso Corporation.