Metso to Acquire Mapag Valves

June 4, 2008
Metso Automation (www.metsoautomation.com) , a Helsinki, Finland-based automation supplier, and The Linde Group (www.linde.com) , a Munich, Germany-based gases and engineering company, have signed a purchase agreement by which Metso will acquire Mapag Valves GmbH, a manufacturer of high-performance butterfly valves for the petrochemical, air separation and liquefied natural gas (LNG) industries.
In connection with the deal, Metso and Linde have also signed a long-term partnership agreement.Mapag Valves operates a factory in Horgau, near Munich. It employs around 100 persons, with 2008 net sales estimated to be around $56 million.“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. The partnership agreement enables [us] to deepen the customer relationship and technology cooperation with The Linde Group.” 

Sponsored Recommendations

Why Go Beyond Traditional HMI/SCADA

Traditional HMI/SCADAs are being reinvented with today's growing dependence on mobile technology. Discover how AVEVA is implementing this software into your everyday devices to...

4 Reasons to move to a subscription model for your HMI/SCADA

Software-as-a-service (SaaS) gives you the technical and financial ability to respond to the changing market and provides efficient control across your entire enterprise—not just...

Is your HMI stuck in the stone age?

What happens when you adopt modern HMI solutions? Learn more about the future of operations control with these six modern HMI must-haves to help you turbocharge operator efficiency...