PRESS RELEASE: WEARX addresses the needs of mining customers by implementing wear technologies to deliver wear protection solutions. The company's offering includes wear liners, rubber and ceramic lining, skirting and bulk-material handling equipment; the services portfolio includes design, engineering, site services and project management.
The company’s sales in the fiscal year 2017 that ended on June 30 were A$35 million (US$27 million), and it has approximately 140 employees. WEARX has its headquarters in Newcastle, Australia, with operations also in Ballina, Orange and Perth.
Nico Delvaux, president and CEO of Metso, commented: “The acquisition is a good strategic fit for Metso, supporting our profitable growth strategy.
“Joining forces with WEARX gives us the opportunity to strengthen our position in the wear lining business and extends our offering for our Australian customers. We are very happy to welcome the WEARX team into Metso.”
WEARX CEO Gary Newman said in a statement: “Combining the strengths of our companies and knowledge of our people will allow us to bring even more value to our clients in the mineral processing and material transfer market sectors. This will come through; enhanced offerings, better geographic coverage, stronger financial stability, a global supply chain and additional R&D funding to further develop our suite of solutions.”