Metso Corporation completes acquisition of McCloskey International for C$420M
October 01, 2019
420.00 Million CAD
On October 1, 2019, Metso Corporation ("Metso") completed its acquisition of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer. The enterprise value of the transaction is C$420 million payable at closing with an additional profitability-based earn-out consideration of up to C$35 million for the two-year period after closing. The acquisition was subject to customary closing conditions, including anti-trust approvals.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. Metso is listed on the Nasdaq Helsinki in Finland.
McCarthy Tétrault LLP advised Metso with a team lead by David Woollcombe that included Andrea Kareclas and Dilara Alpli (Business), Raj Juneja and Kabir Jamal (Tax), Oliver Borgers and Jonathan Bitran (Competition), Patrick Pengelly (Labour and Employment), Deron Waldock and Jaspreet Kaur (Pensions), Vincent Yip and Ben Lai (Intellectual Property), John Boscariol and Carmen Francis (Trade), Ted Cox and Sarit Pandya (Real Property and Planning).