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[June 2008]
Metso Completes Acquisition of MAPAG Valves
Metso (Helsinki, Finland) 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 12 June 2008 after receiving the required regulatory approvals.
The enterprise value, agreed in May 2008 when the sales and purchase agreement was signed, is €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 €6 billion. It has over 27,000 employees in approximately 50 countries.
www.metso.com
ENDS