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2006-09-23 News Release

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Metso strengthens position in pulp and paper industry

To strengthen its aftermarket business, Metso acquires two companies that provide mechanical services, maintenance and parts in the pulp and paper industry.

Metso has signed contracts to acquire business assets of Svensk Gruvteknik AB ("SGT") and Svensk Pappersteknik AB ("SPT") in Sweden to strengthen its aftermarket business. The business group that SGT and SPT belong to is owned by Par-Anders Johansson and Conny Johansson. The business assets will be transferred to Metso on October 1, 2006. The debt-free purchase price is approximately EUR 4 million.

The total net sales of the acquired business in 2005 were EUR 11 million. Svensk Gruvteknik employs some 70 people and Svensk Pappersteknik approximately 40 people.

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Svensk Gruvteknik provides maintenance and service parts to mines in northern Sweden. Its biggest customer is New Boliden. The acquired business is based in Gallivare and will be merged with Metso Minerals' Swedish sales company.

Metso's aftermarket business strengthened in Sweden. photo: Metso

Svensk Pappersteknik offers mechanical services and maintenance for the pulp and paper industry in northern Sweden. It has a long-term agreement for mechanical maintenance with Mondi Packaging Paper Dynas in Vaja, which is its main customer. The acquired business will be a part of the Metso-owned Scandinavian Mill Service AB, which provides maintenance operations and development for the pulp and paper industry.

The acquisitions are in line with Metso's strategy of profitable growth and they will complement and further strengthen Metso's position as a life cycle service provider for the pulp and paper industry and the mining industry in Sweden. They serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. One of Metso's strategic goals is to increase aftermarket services and strengthen its service network close to customers.

Find more information about Metso Paper.

Read a recent press release about - Metso Paper will supply newsprint maker Guangzhou Paper with a large printing paper line system including machinery, equipment and automation package.

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