Metso's Mining and Construction segment is purchasing technology and know-how from Jacobs Engineering Group, Inc (Jacobs) for their Straight Grate Iron Ore Pelletising technology. In addition, key Jacobs technical staff related to the technology will become Metso employees as part of the deal. The purchase price will not be disclosed.

Metso anticipates continued growth in this market as more beneficiation and pelletising plants are needed to maximise the output from lower grade ore bodies. Metso currently offers the Grate Kiln Iron Ore Pelletizing system.

With the purchase of the Straight Grate Technology from Jacobs, Metso will become the only supplier in the world of both systems. Metso will be investing in the on-going technical development of both technologies. Metso and Jacobs have worked collaboratively in the past with Metso supplying equipment for Jacobs Straight Grate Systems.