Metso strengthens its excellence in process optimization services by acquiring 100% of CISA
Tuesday, 03 May 2011 10:09
Metso reinforces its know-how in process optimization services to the mining and construction industries by acquiring the remaining interest in joint venture company Metso CISA.
Metso and its joint venture partner BRGM in France, signed the agreement about the acquisition in March. Metso CISA is now 100% owned by Metso.
CISA was created in 1990 as a joint venture company between SERGAP, a subsidiary of BRGM (49%) and ARMCO (51%). The business focus remains in advanced control and sensing as well as specialized column flotation. Metso acquired ARMCO's shares in 1998, and in 2009 increased its ownership to 67%.
With the acquisition Metso further strengthens its excellence in process optimization services and emphasizes the commitment to innovation and new technologies.
