Metso sells German Flexowell conveyor belt operations

Metso sold its Flexowell conveyor belt operations and related assets in Moers, Germany, to ContiTech Transportbandsysteme GmbH. Flexowell operations consist of conveyor belts and systems for bulk material handling, and it is part of Metso’s Mining and Construction Technology segment. Conveyor belts and bulk material handling systems will continue to be an essential part of Metso’s offering to mining and construction industries also in the future. The sale is part of Metso’s strategy to develop and simplify current production network, the aim of which is to improve the competitiveness of the business and to further develop customer service. The final closing will require relevant regulatory approvals. The sale will have no material impact on Metso’s financial performance.