Metso’s Mining and Construction segment is purchasing technology and know-how from Jacobs Engineering Group, Inc. (Jacobs) for their Straight Grate Iron Ore Pelletizing technology. In addition, key Jacobs technical staff related to the technology will become Metso employees as part of the deal. Metso anticipates continued growth in this market as more beneficiation and pelletizing plants are needed to maximize 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 be able to offer both systems. The company will also be investing in the on-going technical development of both technologies.