Metso Acquires ExperTune - Analyst Blog
January 08 2013 - 1:24PM
Zacks
Metso CP - ADS (MXCYY) 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 45%.
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 Loop
Optimizer.
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 performance.
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 automation:
(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.
(AIMC) also has a Zacks #1 Rank (Strong Buy) following its strong
third-quarter 2012 results that included anearnings surprise of
9.7%.
Another peer of Metso, Graco Inc. (GGG) 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%.
ALTRA HOLDINGS (AIMC): Free Stock Analysis Report
GRACO INC (GGG): Free Stock Analysis Report
METSO CORP -ADR (MXCYY): Free Stock Analysis Report
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