The transaction between SMS group and Metso includes technologies which SMS aims at developing further to the benefit of customers, supporting the green steel strategy as well as further strengthening the service portfolio, e.g. with sintering and traveling grate pelletizing as well as fluidized bed technologies.
The transaction with Metso is expected to close in the first quarter of 2026, subject to customary regulatory approvals. The deal also includes ongoing business activities and the growing service business related to these technologies.
“We are very pleased to add these technologies to our product portfolio including the respective know-how carriers. With this acquisition we pursue our ambition to be a leading partner for the green transformation of the metals industry,” says Thomas Hansmann, Chief Technology Officer of SMS group.
Approximately 180 employees, primarily based in Germany, India and China, are planned to join the SMS group at the closing of the transaction.
