From the Wires
Metso strengthens its plant optimization services by acquiring U.S. software company ExperTune Inc
By: Marketwired .
Jan. 2, 2013 04:13 AM
HELSINKI, FINLAND -- (Marketwire) -- 01/02/13 -- Metso Corporation's press release on January 2, 2013 at 11:00 a.m. local time
Metso has acquired U.S. software company ExperTune Inc. ExperTune's products are widely used as software tools to analyze and monitor the performance of industrial processes and to identify the associated maintenance and improvement opportunities.
ExperTune's acquisition is in line with Metso's strategy to deliver customer value solutions and grow the scope of the services business globally. The acquisition expands and strengthens Metso's ability to globally provide business-enhancing services to customers. ExperTune's products will be sold as stand-alone solutions that can be used in any automation system environment and as part of Metso's performance business solutions, targeted to optimize plant performance.
''The combination of ExperTune's products and Metso's services portfolio extends our capability to offer solutions targeted to improving process and business performance,'' says Mikko Keto, President, Services, Metso Automation.
''With ExperTune we can provide more versatile and more cost effective customer value solutions to our customers so that they can meet their most pressing business challenges, such as reducing raw material consumption, energy usage, product variability and environmental impact. ExperTune's products help our customers to find areas of improvement in their processes to which Metso has customer value solutions,'' Keto summarizes.
Metso's services business has developed strongly over the last decade. In 2011, the services share of the company's turnover was 45 per cent. ExperTune will be integrated into Metso's Automation segment's Services business.
Founded in 1986, ExperTune designs pre-packaged industrial software which help maximizing productivity and efficiency and reduces waste in the process industries worldwide. Its net sales are less than MEUR 10. ExperTune is headquartered in the United States in Milwaukee, Wisconsin. It has an extensive sales representative network on all continents. ExperTune's products include PlantTriage, ProcessApex and PID Loop Optimizer.
The Automation segment's process automation and flow control solutions meet the growing needs of Metso's customer industries to improve production process efficiency as raw materials and energy sources become scarcer and their costs increase. Our global network of service experts delivers business solutions to our customers that improve their productivity, lower risks and optimize costs.
Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Thomson Reuters ONE [HUG#1667720]
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