Helsinki, Finland, 08 June 2010 -- A lawsuit involving the protection of certain Metso intellectual property rights, Metso versus FLSmidth-Excel LLC, Excel Foundry & Machine, Inc., et al., United States District Court for the Eastern District of Wisconsin, has been settled. According to the settlement agreement, FLSmidth-Excel LLC and Excel Foundry & Machine, Inc., without admitting liability, have paid to Metso compensation in the amount of approximately EUR 20 million (USD 25 million). Otherwise the settlement agreement is confidential. The sum will be booked to Metso Mining and Construction Technology’s second quarter 2010 result.
Metso will continue to be active in protecting its intellectual property rights globally, acting with the objective to enhance fair competition.
) is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. The company has about 27,000 employees in more than 50 countries.