Metso CP - ADS
) recently announced the acquisition of U.S-based software
company ExperTune Inc for an undisclosed sum. The recent
acquisition is expected to expand its offerings in the area of
plant optimization for process industries.
The acquisition of ExperTune is a strategic decision by Metso
as it would help expand its services business globally. Metso's
services business has grown strongly over the last decade. In
2011, the services share of the company's total income was
The products of ExperTune are globally used as software tools
to evaluate and examine the performance of industrial processes.
These products also aid in understanding and identifying the
associated maintenance and opportunities for improvement.
ExperTune primarily designs pre-packaged industrial software
that maximizes productivity and efficiency and reduces waste in
the process industries. Based in Milwaukee, Wisconsin,
ExperTune's products include PlantTriage, ProcessApex and PID
The acquisition of ExperTune broadens Metso's capabilities to
provide business enhancing services to customers worldwide.
ExperTune will be integrated into Metso's Automation segment's
Services business. However, its products will be sold as
stand-alone solutions that can be used in any automation system
environment, primarily targeted to optimize plant
The combined entity will be more equipped to fully solve the
customer needs and challenges in areas such as reducing raw
material consumption, efficient energy usage, product variability
and environmental impact.
Metso Automation primarily designs, develops and supplies both
process automation and field solutions for automation and
information management in selected process industries. This
segment mainly covers three principal areas of process
(1) automation and information management application networks
and systems and life cycle services (2) flow control solutions,
automated and manual control valves and (3) process measurement
solutions and analyzers.
Metso, currently has a short term Zacks #1 Rank (Strong Buy).
One of the company's peers,
Altra Holdings Inc.
) also has a Zacks #1 Rank (Strong Buy) following its strong
third-quarter 2012 results that included anearnings surprise of
Another peer of Metso,
) has a Zacks Rank of #1 (Strong Buy) following its strong third
quarter 2012 results that reflected year over year earnings
growth of 6.6%.
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