Metso’s acquisition of full ownership of MW Power completed
Published 7/6/2012, 9:00 AM EET
Metso and Wärtsilä have received the necessary regulatory approvals from the European Commission to close the initiated ownership changes of MW Power Oy.
According to the agreement released May 31, 2012 Metso will acquire full ownership of MW Power. The transaction between Metso and Wärtsilä has been closed. The value of the agreement will not be disclosed.
MW Power supplies small- and medium-sized heat and power plants for European market, and focuses on renewable fuel solutions. Its main customers are municipalities, process industries and utilities. The company has a total of 250 employees in Finland, Scandinavia, the Baltic area and Russia.
Metso’s pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.
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: Marja Mäkinen, Investor Relations Manager, Metso, tel. +358 20 484 3211