Business Services Industry
Metso Paper closes acquisition of MHI's paper machinery technology
Nordic Business Report, May 27, 2008
NORDIC BUSINESS REPORT-27 May 2008-Metso Paper closes acquisition of MHI's paper machinery technology(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Finnish engineering and technology group Metso Corporation (OMX Helsinki:MEO1V) said on Tuesday (27 May) that its subsidiary Metso Paper has closed the deal with Mitsubishi Heavy Industries (MHI) over the acquisition of MHI's paper machinery technology.
The transaction enhances Metso Paper's technological leadership as well as services especially in Asia and Japan, where Metso Paper has opened a new office in Onomichi, the company said.
Through the new acquisition Metso Paper is now the sole owner of Beloit's paper machinery intellectual property.
No financial information was provided.
Metso, headquartered in Helsinki, Finland, provides technology and services to customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. The group has nearly 27,000 employees in some 50 countries and reported net sales of EUR6bn in 2007.
One British pound (GBP) is worth approximately 1.26 euros (EUR).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
