Nordic Business Report-September 19, 2006-Metso Corporation to acquire assets of Svensk Gruvteknik AB and Svensk Pappersteknik AB
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Finnish engineering and technology company Metso Corporation said on Tuesday (19 September) that it had 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 1 October 2006.
The debt-free purchase price was set at some EUR4.0m.
One euro (EUR) is worth approximately 0.67 British pounds (GBP).
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