// Three years on from receiving a federal government grant to commercialise its technology, Perth-based Davies Wear Plates has been acquired by a Finnish public company.
Newly formed Finnish public entity Metso Outotec has closed the acquisition of Perth-based wear monitoring tech company Davies Wear Plate Systems.
Davies Wear Plates received an Accelerating Commercialisation grant back in 2017, and has since gained Rio Tinto, BHP and FMG as clients.
The technology includes fasteners featuring a unique locking mechanism that does not require traditional studs and nuts and, as a result, allows faster and safer maintenance work. Davies also supplies tools that provide safer and faster change-outs.
Davies’ portfolio also includes wear monitoring technology, which provides real-time forecasts of wear and the expected timing of upcoming liner change-outs. This monitoring solution can be fitted to any metallic or ceramic liner, independent of its attachment systems.
“This acquisition supports our target to offer comprehensive and unique solutions for the entire wear lining value chain,” Sami Takaluoma, president of the consumables business area at Metso Outotec, said in a release.
Sami Takaluoma
“We are eager to introduce these advanced solutions globally to our customers; we now have the market’s widest range of optimized wear protection solutions, tools and services. The new technology will increase safety during maintenance and increase up time.”
“We have been improving our product offering for years and we have received good feedback from our customers in Australia. Our products are ready to be rolled out to the global mining market. We are excited that we are now a part of a truly international company,” added Brian Davies, founder of Davies Wear Plate Systems.
The parties have agreed not to disclose the value of the transaction.
Metso Outotec is focused on sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally.
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(A version of this article first appeared in the Canadian Mining Journal)
Main Image: WearSense monitors, photo credit – Metso Outotec.
