Metso Divests Metso Powdermet AB to Sandvik AB

The Finnish stock listed Metso Oyj has divested Metso Powdermet AB in Sweden to Sandvik AB. Metso Powdermet AB, based in Surahammar, Sweden, is a leading supplier of powder metallurgy hot isostatic pressing (HIP) products and components. It provides material technology solutions mainly for offshore, general engineering and energy industry customers. Metso Powdermet AB posted net sales of 90 MSEK (9.7 MEUR) in 2005, with an operating margin of 18 %. The company had 13 employees at the time of the transaction.

Carner Corporate Finance advised the seller throughout the sale process.

Sandvik AB

Sandvik is a Swedish, stock listed high technology engineering group with sales of approximately 7,000 MEUR and representation in 130 countries at the time of the transaction.