Divestment of Metso's Process Automation Systems business to Valmet completed
(Thomson Reuters ONE) -
Divestment of Metso's Process Automation Systems business to Valmet completed
Metso Corporation's stock exchange release on April 1, 2015, at 12:00 noon local
time
Metso has today taken a significant step in implementing its strategy by
completing the divestment of its Process Automation Systems (PAS) business to
Valmet. The enterprise value of the transaction was EUR 340 million, and Metso
expects to book a significant capital gain in its second-quarter results. The
sale of the PAS business to Valmet was originally announced on January 15, 2015.
The divestment of PAS is part of Metso's strategy under which it will focus on
the mining and aggregates industries and on the flow control business.
Metso is the world's leading industrial company in the mining and aggregates
industries and in the flow control business. Our knowledge, people and solutions
help drive sustainable improvements in performance and profitability in our
customers' businesses.
Metso has an uncompromising attitude towards safety. Our products range from
mining and construction equipment and systems to industrial valves and controls.
Our solutions are delivered and supported by decades of process knowledge and a
broad scope of services backed by a global footprint of over 90 service centers,
thousands of service employees, and an extensive logistics network.
Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net sales
totaled EUR 3.7 billion. Metso employs approximately 14,000 industry experts in
more than 50 countries. Expect results.
www.metso.com, www.twitter.com/metsogroup
Further information, please contact:
Harri Nikunen, CFO, Metso Corporation, tel. +358 20 484 3010
Metso Corporation
Harri Nikunen
CFO
Juha Rouhiainen
VP, Investor Relations
Distribution:
NASDAQ OMX Helsinki Ltd
Media
www.metso.com
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Metso Corporation via GlobeNewswire
[HUG#1908185]
Unternehmensinformation / Kurzprofil:
Datum: 01.04.2015 - 11:01 Uhr
Sprache: Deutsch
News-ID 382719
Anzahl Zeichen: 2802
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Divestment of Metso's Process Automation Systems business to Valmet completed"
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