Metso Outotec Corporation’s press release on September 1, 2022, at 9.25 p.m.
Metso Outotec has closed the acquisition of Global Physical Asset Management, a technology provider based in North America. The acquisition will further strengthen Metso Outotec’s capabilities in digital field service inspections for grinding.
The innovative technologies and the digital inspection method of Global Physical Asset Management are patented and fully complementary to Metso Outotec’s current service offering for grinding. This will bring more value to customers and support them in achieving reliable plant performance. The acquired technology enables 60% faster gear inspections with outstanding accuracy when compared to the use of conventional methods.
“I am very pleased about this important step toward our strategic target to become the preferred services provider in our industry. The unique technology and digital inspection method fit excellently with our services strategy and grinding offering and will also bring potential to further develop our inspection capabilities for our crushing solutions. I warmly welcome our new colleagues to the Metso Outotec team,” says Sami Takaluoma, President, Services business area at Metso Outotec.