In line with its strategy, Metso gave up activities and products not belonging to its core businesses. During the review year Metso Hydraulics, which produces hydraulic power transmission equipment, was sold to Sampo-Rosenlew, Finland; Network Management Solutions, which produces SCADA information management solutions, was sold to Telvent in Spain; and CPS Electronics, which produces electronic components, was sold to Scanfil of Finland. In October an agreement on the sale of the Converting Group to the Swiss Bobst Group was signed. After approval from the competition authorities the sale was completed in January 2004.