Metso divests Metso Powdermet AB in Sweden to Sandvik AB.

Metso divests Metso Powdermet AB in Sweden 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 SEK 90 M (9,7 Million Euro) in 2005, with an operating margin of 18 % . The Company has 13 employees. Sandvik is a Swedish, stock listed high technology engineering group with sales of approximately 7 000 M€ and representation in 130 countries.  

ProMan advised the seller through out the sale process.

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Seller: 
Metso Powdermet AB
Industry: 
Industrial products and services
Buyer: 
Sandvik AB
Industry: 
Industrial products and services

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 SEK 90 M (9,7 Million Euro) in 2005, with an operating margin of 18 % . The Company has 13 employees. Sandvik is a Swedish, stock listed high technology engineering group with sales of approximately 7 000 M€ and representation in 130 countries.  

ProMan advised the seller through out the sale process.