Metso to acquire technology from Jacobs
Metso’s Mining and Construction segment is purchasing technology and know-how from Jacobs Engineering Group, Inc. (Jacobs) for their Straight Grate Iron Ore Pelletizing technology. In addition, key Jacobs technical staff related to the technology will become Metso employees as part of the deal. The purchase price will not be disclosed.
Iron ore pelletizing is used to produce pellets from concentrated iron ore for feed to blast furnace and direct reduced iron plants. Metso anticipates continued growth in this market as more beneficiation and pelletizing plants are needed to maximize the output from lower grade ore bodies
Metso currently offers the Grate Kiln Iron Ore Pelletizing system. With the purchase of the Straight Grate Technology from Jacobs, Metso will become the only supplier in the world of both systems. Metso will be investing in the on-going technical development of both technologies.
Metso and Jacobs have worked collaboratively in the past with Metso supplying equipment for Jacobs Straight Grate Systems. The companies anticipate that there will be the opportunity for cooperation in the future in other areas.