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Metso Concludes Sale of Ferrous Business to SMS group

MT Newswires·01/05/2026 06:12:43
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06:12 AM EST, 01/05/2026 (MT Newswires) -- Metso (METSO.HE) said Monday it completed the divestment of its Ferrous business, including the traveling grate pelletizing and Circored direct reduction process, and the related service unit to SMS group. The industrial machinery company added that an estimated 180 staff based in Germany, India and China were transferred to the metal sector-focused plant construction and mechanical engineering services group as part of the transaction. Metso noted that the divestment, which was first disclosed in May 2025, does not have any material financial impact on the company.