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Metso buys valves company

Metso Automation and The Linde Group have signed a purchase agreement regarding MAPAG Valves GmbH, a manufacturing company of high performance butterfly valves for the petrochemical, air separation and liquefied natural gas (LNG) industries.

The enterprise value is EUR 36 million. In connection with the transaction, the parties have made a long-term partnership agreement. The acquisition will require relevant regulatory approvals.

MAPAG Valves operates a factory near Munich, employing around 100 staff. Its strengths are engineering, project management and process know-how for demanding applications.

“With the acquisition, Metso supports its strategy to complement the product offering for the energy and hydrocarbon industries,” says Pasi Laine, President, Metso Automation. “It also improves Metso Automation’s market position in the fast growing industrial markets, such as industrial gas and liquefied natural gas (LNG). The partnership agreement enables to deepen the customer relationship and technology cooperation with The Linde Group.”

Metso Automation specialises in automation and information management application networks and systems, field control technology and life cycle performance services. Its main customers are the energy, power and oil and gas industries, as well as the pulp and paper industry.

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