HELSINKI, FINLAND--(Marketwire - Jan 2, 2013) - Metso Corporation's press release onJanuary 2, 2013 at 11:00 a.m. local time
Metso has acquired U.S. software company ExperTune Inc. ExperTune'sproducts arewidely used as software tools to analyze and monitor the performance ofindustrial processes and to identify the associated maintenance andimprovementopportunities.
ExperTune's acquisition is in line with Metso's strategy to delivercustomervalue solutions and grow the scope of the services business globally. Theacquisition expands and strengthens Metso's ability to globally providebusiness-enhancing services to customers. ExperTune's products will be soldasstand-alone solutions that can be used in any automation system environmentandas part of Metso's performance business solutions, targeted to optimizeplantperformance.
''The combination of ExperTune's products and Metso's services portfolioextendsour capability to offer solutions targeted to improving process andbusinessperformance,'' says Mikko Keto, President, Services, Metso Automation.
''With ExperTune we can provide more versatile and more cost effectivecustomervalue solutions to our customers so that they can meet their most pressingbusiness challenges, such as reducing raw material consumption, energyusage,product variability and environmental impact. ExperTune's products help ourcustomers to find areas of improvement in their processes to which Metsohascustomer value solutions,'' Keto summarizes.
Metso's services business has developed strongly over the last decade. In2011,the services share of the company's turnover was 45 per cent. ExperTunewill beintegrated into Metso's Automation segment's Services business.
Founded in 1986, ExperTune designs pre-packaged industrial software whichhelpmaximizing productivity and efficiency and reduces waste in the processindustries worldwide. Its net sales are less than MEUR 10. ExperTune isheadquartered in the United States in Milwaukee, Wisconsin. It has anextensivesales representative network on all continents. ExperTune's productsincludePlantTriage, ProcessApex and PID Loop Optimizer.
The Automation segment's process automation and flow control solutions meetthegrowing needs of Metso's customer industries to improve production processefficiency as raw materials and energy sources become scarcer and theircostsincrease. Our global network of service experts delivers business solutionstoour customers that improve their productivity, lower risks and optimizecosts.
Metso is a global supplier of technology and services to customers in theprocess industries, including mining, construction, pulp and paper, power,andoil and gas. Our 30,000 professionals based in over 50 countries deliversustainability and profitability to customers worldwide. Expect results.
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Source: Metso Corporation via Thomson Reuters ONE[HUG#1667720]
- Metso Corporation
Automation segment's Services business
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