Stock Exchange release January 20, 2003 01:33:41 PM CET
METSO HYDRAULICS SALE TO SAMPO-ROSENLEW HAS BEEN CLOSED
Metso has finalized the divestment of its hydraulic power transmission unit, Metso Hydraulics. The unit was transferred to Sampo-Rosenlew Oy on January 17, 2003. Metso is focusing on services and processes for pulp and paper industry and rock and minerals crushing and related automation, and will divest its non-core oprations.
Annual net sales of Metso Hydraulics totals approximately EUR 18 million and the amount of personnel amounts to 120 persons.
Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation's core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2001, the net sales of Metso Corporation were EUR 4.3 billion and the personnel totaled approximately 30,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.