Metso to enter solid waste recycling equipment business through
acquisition of Danish M&J Industries
(Thomson Reuters ONE) - Metso Corporation's company release on October 2, 2009 at 12:30 p.m.Metso and M&J Industries A/S, a company controlled by DanskKapitalanlæg, have today signed a sale and purchase agreementaccording to which Metso will acquire 100% of the shares in theDanish company M&J Industries A/S. The value of the transaction isabout EUR 16 million and it is expected to be closed in the comingweeks.This acquisition strengthens Metso's position as a leading supplierof recycling equipment and services and makes Metso a significantplayer also in the solid-waste recycling equipment segment. M&JIndustries offers a broad range of mobile and stationary products forsolid-waste crushing and has a large installed base. Metso's globalsales and service network enables further growth of the acquiredwaste recycling business outside Europe.M&J Industries is located in Horsens, Denmark, and has approximately100 employees. Its forecasted net sales in 2009 are approximately EUR26 million."With the acquisition, we are taking an important step instrengthening our capabilities to serve our traditional metalrecycling equipment customers who are expanding their scope to alsocover the recycling of other types of materials. An exciting newcustomer segment is energy companies that use this kind of equipmentin the pre-combustion treatment of solid waste and biomass in theirpower plants. We already supply the segment with our power generationand automation products and services. Crushing technology has alwaysbeen one of Metso's core strengths, and this acquisition expands ourcrushing capabilities to cover solid waste applications as well asthe current metal recycling and rock crushing applications," saysChristoffer Ribbing, President of Metso's Recycling business line.Metso is a global supplier of sustainable technology and services formining, construction, power generation, automation, recycling and thepulp and paper industries. We have about 28,000 employees in morethan 50 countries. www.metso.comFurther information for the press, please contact:Christoffer Ribbing, President, Recycling business line, Metso, tel+49 211 2105 627Christer Schönberg, Sr. VP, Business Development, Energy &Environmental Technology, Metso, tel +358 400 828 403Further information for investors, please contact:Johanna Henttonen, Vice President, Investor Relations, MetsoCorporation, tel. +358 20 484 3253This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.10.2009 - 11:30 Uhr
Sprache: Deutsch
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