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Following the approval of the competition authorities Metso has finalised the divestment of its Converting group to Swiss Bobst Group. Metso and Bobst Group reached an agreement of the sale in October 2003. The final price was approximately euro75 million. The divestment is a part of Metso’s strategy to focus on its core businesses serving pulp and paper industry, rock and minerals processing and process automation customers.Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation’s core businesses are fibre and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2002, the net sales of Metso Corporation were euro4.7bn and the personnel totaled approximately 28,500. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.
