Metso is to divest its loading and hauling business in Finland and Sweden, after the company agreed a deal with Finnish metal supplier Miilux Oy. No financial details of the divestment have been disclosed.
The move follows a strategic review of its loading and hauling operations that the company – which operates under the Häggblom legal entities in Finland and Sweden – carried out earlier this year.
It will see approximately 100 employees, mainly in Kokkola and Kalajoki in Finland and in Luleå in Sweden, along with the related assets and facilities, join the new owner at the closing of the transaction.
By divesting the loading and hauling business, Metso said it sharpens its strategic focus while ensuring the business and its employees thrive under an owner who is dedicated to its development and ongoing customer service.
The company said the decision is consistent with its “We go beyond.” strategy, focusing on growth, profitability and expanding the proportion of aftermarket services.
Saso Kitanoski, President, Consumables business area, Metso, said: “I want to sincerely thank all our employees in the loading and hauling business for their dedication and professionalism throughout the assessment period. They have maintained performance and served customers without disruption.
“This transition represents the best possible result for the loading and hauling business and its employees, ensuring its continued development and long-term success under new ownership.”
Pekka Miilukangas, CEO, Miilux Oy, added: ”We’re thrilled to bring on board a team known for their expertise and impressive history in customer service. Their skills and services strengthen our current offerings and create new opportunities for growth.
“The company’s established presence in the market provides us with a reliable foundation for further expansion.”
The deal is expected to be completed by the beginning of February 2026, after the required authority approvals have been obtained.
