Metso strengthens its focus on optimization of customer processes by acquiring Grabitech Solutions

Published June 10, 2008 11.00.00 +2 GMT

Metso has acquired Grabitech Solutions AB, a Swedish company within the process optimizing business, from five private part owners. The transaction was closed on June 4, 2008. The value of the purchase agreement is not disclosed. The acquired company will be integrated into Metso Paper’s Fiber business line.

The acquisition is a part of Metso’s strategy of profitable growth and improves competitiveness within the service business. Grabitech Solutions’ product, MultiSimplex, is patented and used for steering of process equipment, such as refiners and screens. With the new product Metso strengthens its focus on optimizing customers' processes, e.g. to reach lower energy consumption. MultiSimplex will be used together with other process improvement products in order to reach optimal savings.

Grabitech Solutions AB provides advanced production and optimization tools and expertise for industries, universities and R&D departments. The core global markets are within the pulp and paper, panelboard and energy industries. The company was established in 2002 with its office in Sundsvall, Sweden. The company employs four persons, who will transfer to Metso. In 2007 its net sales was approximately EUR 500,000.

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. It’s 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.

For further information, please contact: Lars Eklund, Manager, Mechanical Fiber, Process Services, Fiber business line, Metso Paper Tel. +46 70 62 68 228