METSO has completed the divestment of certain parts of its industrial rubber conveyor belt manufacturing and related sales and services operations, which comprise 27 locations with around 330 employees previously belonging to the firm’s Mining and Construction segment.
The Finland-sited industrial rubber conveyor belt manufacturing and sales and services facilities were divested to ContiTech Conveyor Belt Group.
The industrial rubber conveyor belt sales and services locations in Belgium, Germany, Netherlands, Norway and in Southern Sweden were divested to Lutze Group.
The move is meant to allow Metso to focus and strengthen its operations in mining and construction, the firm says. The price of the transaction are not disclosed.