Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Metso Corporation (NYSE:MX) Metso Corporation Company release on June 13, 2008 at 1.00 p.m.
Metso has completed the acquisition of Mapag Valves GmbH, a manufacturing company of butterfly valves, from the Linde Group of Germany. The ownership of the company was transferred to Metso on June 12, 2008 after receiving the required regulatory approvals.
The enterprise value, agreed in May 2008 when the sales and purchase agreement was signed, is EUR 36 million. The acquired company will be integrated into Metso Automation's Flow Control business line and all of its nearly 100 employees will be transferred to Metso Automation.
In connection with the transaction, the parties have also signed a long-term partnership agreement.
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: Jaakko Järvistö, President, Flow Control business line, Metso Automation, tel. +358 40 715 6606
