MAIRE has announced that its subsidiary Nextchem has signed a binding agreement to acquire a metals and chemicals processing technology business from Metso Corporation for an enterprise value of €40 million, strengthening its capabilities in mineral processing, inorganic chemistry and critical raw materials.
The transaction, which will be completed through the
acquisition of a newly incorporated company established by Metso in Germany,
includes operations in Germany, Sweden and India. The deal comprises €32
million in upfront consideration, subject to customary closing adjustments, and
an additional €8 million earn-out. Completion is expected in mid-2027, subject
to regulatory approvals, the carve-out process and customary closing
conditions.
The business is a globally recognised technology provider
serving the metals and chemicals processing industries, offering technology
licensing, proprietary equipment and aftermarket services. Its portfolio covers
thermal treatment of ores, concentrates and residues, recovery of valuable
metals, and the treatment and purification of metallurgical off-gases.
Its technologies include fluidised-bed roasting and
metallurgical off-gas treatment solutions, supporting the management of
sulphur-bearing emissions and other contaminants while improving resource
efficiency and compliance with environmental standards.
The acquisition will bring Nextchem more than 60 patent
families covering fluidised-bed reactors, gas-solid separation systems, thermal
treatment processes and metal oxide production, alongside emerging applications
involving hydrogen in fluidised-bed systems.
The business also has more than 1,000 industrial
references worldwide, including 300 roasting installations and over 100
gas-cleaning installations. It holds a leading position in zinc and pyrite
applications, with technologies for removing mercury, arsenic and fluorine from
industrial emissions.
Following completion, the business will operate through
established engineering, technology, service and research facilities, including
headquarters in Oberursel and an R&D centre in Frankfurt, Germany, as well
as operations in Sweden and India. Its workforce comprises approximately 180
specialised professionals.
MAIRE said the acquisition will expand Nextchem's
technology offering and create commercial synergies with Tecnimont, while
increasing the Group's exposure to markets benefiting from long-term trends in
electrification and AI infrastructure.
The deal is expected to strengthen the Group's position
across evolving industrial value chains, particularly those linked to the
processing of critical and strategic raw materials.
Fabio Fritelli, Managing Director of Nextchem,
commented: "This acquisition will significantly enhance Nextchem’s
offering in critical and strategic raw materials, an area of growing importance
for global industrial development. The combination of proprietary technologies,
extensive industrial references and highly specialized know-how will allow us
to broaden our presence in the metals and chemical processing industries and
support our customers in improving resource efficiency, reducing environmental
impact and enabling the evolution of the critical and strategic raw material
processing value chains. We are also pleased to welcome a team of approximately
180 highly skilled professionals whose expertise will contribute to the next
phase of Nextchem’s growth."
Piia Karhu, President, Minerals at Metso, added: “MAIRE is well positioned to further develop these businesses, that are synergistic with their existing business, while providing long-term value to customers and employees. In line with Metso’s strategy, this divestment further sharpens our focus on minerals processing and metals refining solutions”. -OGN/TradeArabia News Service
