Metso to divest Metso Husum AB to Pichano Holding AB

Published 1/8/2013, 9:00 AM EET

Metso Corporation’s press release on January 8, 2013 at 10:00 a.m. local time

Metso has divested all its shares of Metso Husum AB to Pichano Holding AB, as a result of a restructing plan of its service workshop network in Sweden. The business was transferred on January 1, 2013. The value of the agreement will not be disclosed.

Metso Husum AB is specialized in repair and maintenance work to the pulp and paper industry as well as to the construction industry. They provide services at the customer site as well as manufacture in their own workshop. The company has a turnover of 1.5 MEUR and 12 employees. All employees will remain with the company. The company is located close to Örnsköldsvik, Sweden.

”We will integrate the Husum company into Pichano without major changes, and then continue to develop the business in the areas we focus on; i.e. bioenergy, hydroelectric power, wind power, and steel work within the construction industry”, says Kent Modin, VD, Pichano Holding AB.

The Pichano group is a full service company serving customers within the construction, transport and maintenance area. The turnover in the group is 21 MEUR and they have 150 employees.

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results. ,

For further information, please contact:

Mikael Nyman, Director, Services operation Scandinavia, Pulp, Paper and Power, Metso, tel. +46 70 517 13 78

Kent Modin, Managing Director, Pichano Holding AB, tel. + 46 70 365 95 55