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Metso Acquires Paper Quality Control Business from Finnish Fastpap Oy
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Helsinki, Finland, 17 September 2008 -- Metso has acquired from Finnish Fastpap Oy Ab a paper quality control business for the manufacturing and final assembly of the measuring scanners used in Metso’s Quality Control Systems (QCS), as well as after sales services.

The transaction is expected to close in the coming weeks. The parties have agreed not to disclose the value of the purchase. Business operations based in Ylöjärvi, Finland, will be integrated into Metso Automation’s Process Automation business line.

QCS is an on-line paper web measuring and control system and it is an essential part of paper making quality management. Until now, Fastpap has delivered scanners for Metso’s Quality Control Systems. The manufacturing will continue in Ylöjärvi after the acquisition, and the unit’s 11 employees will continue working for Metso Automation.

The acquisition of the paper quality control business is a strategic action that makes possible to enhance Metso’s QCS systems’ total value chain in the future.

Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its more than 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries.

www.metso.com
 


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