Acquisitions and divestments have shaped the corporate structure in 1999-2001
The roll cover division and services business assets of Beloit, the American paper machine manufacturer, were acquired in 2000 to strengthen Metso’s position in the paper machine service and rebuild markets.
A cash offer was made to acquire Svedala Industri AB, a Swedish company manufacturing rock and mineral processing equipment, in summer 2000. The deal was closed after the approval of competition authorities in September, 2001.
» Svedala acquisition
Conversely, the forest machine manufacturer, Timberjack, was sold in April, 2000, to Deere & Company from the USA.
Acquisitions and divestments in 2002-2006
With the acquisitions carried out in recent years Metso Corporation has focused to reinforce Metso Paper's and Metso Automation's product and service offerings.
Metso's divestments have concentrated on non-core businesses. The objective has been to streamline the Corporate structure and strengthen the balance sheet, and improve the profitability.
Strengthen global presence through acquisitions, 2007-2008
In line with the strategy, Metso evaluates mergers and acquisitions to accelerate profitable growth. Metso targets acquisitions that would have a good strategic fit for the company by establishing a stronger presence in certain markets, strengthening services business or enhancing technology offering.
» More information on acquisitions
Metso divested certain parts of the panelboard business, which was part of Metso Paper business area. The divestment is in line with Metso Paper’s strategy to develop profitability.
» More information on divestments