Finland’s Metso Outotec has acquired North American mill gear maintenance specialist Global Physical Asset Management for an undisclosed sum. The deal enhances Metso’s digital field service capability in North America.
“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,” the buyer said.
“The acquired technology enables 60% faster gear inspections with outstanding accuracy when compared to the use of conventional methods.”
Metso Outotec claims to have manufactured and supplied more than 8000 grinding mills, including the world’s semi-autogenous grinding (SAG) and autogenous grinding (AG) mills.
Global Physical Asset Management has offices in Three Lakes, Wisconsin, in the US and Kelowna, British Columbia, Canada. The company was established in 2007.
Metso said the company had 20 employees in the US and Canada, and turned over about €5 million in 2021.
