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Metso Corporation (NYSE:MX) Metso Corporation Press release on May 30, 2008 at 1:30 p.m.
Metso has acquired today a Danish manufacturer of measurement systems, Kemotron A/S from K. Jested-Nielsen and J.J. Lorentzen, the founders of the company. The value of the purchase agreement is not disclosed. The acquired company will be integrated into Metso Automation's Process Automation business line.
The acquisition strengthens Metso Automation's position as a supplier of measurement based control solutions especially in the chemical pulping industry. It also expands Metso Automation's solutions offering in new customer segments, such as chemical industry. Metso's global presence offers an extensive sales and service channel for the acquired technology.
Kemotron produces and sells measurement equipment and systems mainly for the pulp and paper industry. Its measurement technology is also widely used in process, energy and chemical industry. The company was established in 1963 and it is headquartered in Lyngby, a suburb to Copenhagen. The total number of employees is 14.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
Further information for the press, please contact: Sakari Ruotsalainen, President, Process Automation Systems, Metso Automation, tel. +358 40 511 6165 Pekka Vänni, Director, Business Development, Process Automation Systems, Metso Automation, tel. +358 40 552 8374
