Stock Exchange release December 14, 1999 11:00:00 AM CET

Metso strengthens its automation and control technology product portfolio

Neles Automation, Metso Corporation's automation and control technology business area, has signed an agreement with Parsytec AG in Germany to begin sales, servicing and product development activities for Parsytec's web inspection system for the paper industry. With this cooperation agreement, Neles Automation will expand its product portfolio in the area of paper web quality inspection system and strengthen its position as the leading automation supplier to the paper industry.

Neles Automation will supply Parsytec's latest technology for web inspection through its global distribution and service network. The web inspection system is designed for improving the paper quality and the degree of utilization in the production process. The new technology is estimated to become more common for example in the production processes of high quality printing papers and board.

Parsytec AG is a worldwide leading and fast expanding supplier of software solutions for surface quality control of strip materials such as steel, aluminium and paper. The net sales of this business was approximately DEM 28 million during the previous accounting period. The amount of personnel was 110. Parsytec AG is listed on the Frankfurt Stock Exchange.

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