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Metso’s Acquisition of Full Ownership of MW Power Completed - Metso and Wärtsilä have received the necessary regulatory approvals from the European Commission to close the initiated ownership changes of MW Power Oy
Metso’s Acquisition of Full Ownership of MW Power Completed

 

PRZOOM - /newswire/ - Helsinki, Finland, 2012/07/06 - Metso and Wärtsilä have received the necessary regulatory approvals from the European Commission to close the initiated ownership changes of MW Power Oy. MEO1V.HE

   
 
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According to the agreement released May 31, 2012 Metso will acquire full ownership of MW Power. The transaction between Metso and Wärtsilä has been closed. The value of the agreement will not be disclosed.

MW Power supplies small- and medium-sized heat and power plants for European market, and focuses on renewable fuel solutions. Its main customers are municipalities, process industries and utilities. The company has a total of 250 employees in Finland, Scandinavia, the Baltic area and Russia.

Metso’s pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.

Metso (metso.com) is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.

 
 
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Agency / Source: Metso Corporation

 
 

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Metso’s Acquisition of Full Ownership of MW Power Completed

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Metso Corporation |
Contact: Marja Mäkinen - Metso.com 
+358 20 484 3211 metso.info[.]metso.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

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