Metso could sell valves unit - report (translated)
17 MAY 2018
Metso [HEL: METSO], a Finnish energy and mining service company, could sell its valves unit, Kauppalehti reported
In an unsourced analysis on how the company is still without a Chief Executive, the Finnish language daily wrote that Metso has been subject to M&A rumours for quite some time, with Swedish industrial equipment maker Atlas Copcosuggested as a potential merger partner, the previous employer of the company’s previous CEO Nico Delvaux.
In an unsourced analysis on how the company is still without a Chief Executive, the Finnish language daily wrote that Metso has been subject to M&A rumours for quite some time, with Swedish industrial equipment maker Atlas Copcosuggested as a potential merger partner, the previous employer of the company’s previous CEO Nico Delvaux.
The item noted that Metso has been accelerating acquisitions in the valves business. Delvaux, who announced his departure on 18 December, had mentioned the valves business as potential target for sale.
Interim CEO Eeva Sipila commented on 5 February that there are some stalling businesses in the company and the removal of these businesses is one of her main objectives.
Kauppalehti is a Finnish business daily, which is behind a paywall.