Metso divest earthmoving operations in Finland and Sweden
Finnish-based Miilux Oy sign agreement to acquire Metso’s loading and hauling operations
METSO have signed an agreement to divest their loading and hauling business in Finland and Sweden, operating under the Häggblom legal entities, to Miilux Oy, a Finnish-based company which sells and manufactures wear-resistant and personal protection solutions, utilizing its own brands and innovations. The agreement, for an undisclosed sum, follows the strategic assessment announced in August 2025.
Metso say this decision is consistent with their newly introduced ‘We go beyond’ strategy, focusing on growth, profitability and expanding the proportion of aftermarket services. By divesting the loading and hauling business to a well-matched new owner, Metso will sharpen their strategic focus while ensuring the business and its employees thrive under an owner who is dedicated to its development and ongoing customer service.
Approximately 100 employees, mainly in Kokkola and Kalajoki in Finland and in Luleå in Sweden, along with the related assets and facilities, will join the new owner at the closing of the transaction. The transfer is expected to be completed by the beginning of February 2026, after the required authority approvals have been obtained.
‘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,’ said Saso Kitanoski, president of the Consumables business area at Metso.
Metso will continue to support their existing customer base with truck bed rubber lining and ground-engaging tools in specific markets.
Pekka Miilukangas, chief executive officer of Miilux Oy, said: ‘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.’
