Stock Exchange release February 2, 2004 02:02:12 PM CET

Metso is strengthening its aftermarket operations in Finland

Scandinavian Mill Service Oy (SMS), part of Metso Corporation, have on Jan 31, 2004, acquired all shares of Paper Mill Service Kauttua Oy and Kauttuan Automaatio- ja Sähköpalvelu Oy. Scandinavian Mill Service is owned by Metso Paper and Metso Automation. The value of the agreement is not disclosed. The acquisition supports Metso Paper's customer-oriented strategy and strengthens its position as a provider of mill maintenance to the pulp and paper industry.
Based on this acquisition, the Scandinavian Mill Service group will have an additional 60 experts for electrical, automation and mechanical mill maintenance. This increases the number of maintenance professionals in SMS group in Finland, Sweden, Norway and Czech Republic to 300.
Paper Mill Service Kauttua Oy (PMS) and Kauttuan Automaatio- ja Sähköpalvelu Oy (KASPA) were established as a result of mill maintenance outsourcing in the beginning of 90'. These companies are providing all mill maintenance for Ahlström Kauttua Oy and Jujo Thermal Oy specialty paper mills located in Eura, Finland. PMS and KASPA are offering their maintenance-related services also to other Finnish pulp and paper industry.
Scandinavian Mill Service group specializes in developing mill maintenance for the pulp and paper industry, especially in cases where the customer is outsourcing their maintenance operations. Together with Metso Paper and Metso Automation, the company is capable to offer to its customers, in addition to maintenance development, also Original Equipment Manufacturer competence, enabling the development of the overall competitiveness.
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 2002, the net sales of Metso Corporation were EUR 4.7 billion and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.