Metso’s Acquisition of 100% Stake in Industrial Support Company SpA


Philippi Prietocarrizosa Ferrero DU & Uría and Bofill Mir & Álvarez Jana advised on the deal

Metso has agreed to acquire HighService Service from HighServiceCorp SpA and Inversiones Cofhec Limitada.

HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.

The acquisition is pending regulatory approval from the Chilean authorities and is expected to close during the first half of 2019. The parties have agreed not to disclose the value of the transaction.

HighService Service is part of HighService Corp, with extensive experience and recognized track record in integral, electrical and instrumentation maintenance since 1998. Building on the development of human capital and incorporation of new technologies, HighService Service is committed to providing safety, quality of services and operational excellence.

HighService Service is divided into two areas, Plant Maintenance Service Management and Drive and Automatic Control Management, specializing in technical assistance and remote monitoring in concentrator plants.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries

Philippi Prietocarrizosa Ferrero DU & Uría advised Metso with Rafael Jiménez Mateo (Picture), Ignacio Larraín, Diego Bunster, Nicolás Santana, Juan Ignacio Pitta, Catalina Montero and Gabriel Budnik.

Bofill Mir & Álvarez Jana advised HighServiceCorp SpA and Inversiones Cofhec Limitada with Octavio Bofill, Rodrigo Saffirio, Daniela Buscaglia Llanos, Wilson Henríquez and Macarena Fuchs.

Involved fees earner: Octavio Bofill – BMAJ Bofill Mir & Alvarez Jana Abogados; Daniela Buscaglia – BMAJ Bofill Mir & Alvarez Jana Abogados; Macarena Fuchs – BMAJ Bofill Mir & Alvarez Jana Abogados; Wilson Henríquez – BMAJ Bofill Mir & Alvarez Jana Abogados; Rodrigo Saffirio – BMAJ Bofill Mir & Alvarez Jana Abogados; Gabriel Budnik – Philippi Prietocarrizosa Ferrero DU & Uría; Diego Bunster – Philippi Prietocarrizosa Ferrero DU & Uría; Rafael Jiménez – Philippi Prietocarrizosa Ferrero DU & Uría; Ignacio Larraín – Philippi Prietocarrizosa Ferrero DU & Uría; Catalina Montero – Philippi Prietocarrizosa Ferrero DU & Uría; Juan Ignacio Pitta – Philippi Prietocarrizosa Ferrero DU & Uría; Nicolás Santana – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: BMAJ Bofill Mir & Alvarez Jana Abogados; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: HighServiceCorp SpA ; Inversiones Cofhec Limitada; Metso Corporation;

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Author: Ambrogio Visconti.