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.” 

    Continued Reading

    Sponsored Recommendations

    From robotic arms to high-speed conveyors, accuracy matters. Discover how encoders transform motor control by turning motion into real-time data?delivering tighter speed control...
    Safety in automation goes beyond fences and emergency stops. Learn how functional safety actively monitors and controls motion?delivering smarter protection, greater flexibility...
    Inductive Automation offers multiple editions of Ignition created for specific use cases. See what differentiates Ignition, Ignition Edge, Ignition Cloud Edition, and Ignition...
    Castle & Key brought new life to a historic Kentucky distillery by blending 140 years of heritage with cutting-edge automation. With help from Gray AES, they replaced outdated...