Metso Completes the Acquisition of Mapag Valves

Metso has completed the acquisition of Mapag Valves, 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. According to Metso, the partnership agreement enables it deepen the customer relationship and technology cooperation with the Linde Group.