Home » Business News » 2012 » March » March 7, 2012

Metso expands its offering for customers in oil & gas and power industries by acquiring a globe valve technology company in South Korea

March 7, 2012 - HELSINKI, FINLAND

Metso Corporation's press release on March 7th, 2012 at 09:00 a.m. local time

Acquisition strengthens company's position in the growing Asian market

Metso has signed an agreement to acquire South Korean valve technologycompany,Valstone Control Inc. (Valstone). The acquisition strengthens Metso's controlvalve and service offering for customers in the oil and gas and powerindustries.

Valstone's globe valves add to Metso's current wide portfolio of controlvalves.The acquired technology plays a key role in most critical processes withextremepressures and temperatures. The acquisition follows Metso's strategy andstrengthens Metso's market position in the growing Asian markets.

Valstone is a privately owned globe valve and service specialist company. Itscustomers include many of the leading South Korean petrochemical and powergeneration companies and engineering, procurement and construction (EPC)companies. Valstone's net sales are less than MEUR 10. More The value of the transaction will not be disclosed.

Metso has an ambitious growth strategy to develop its valve business.TheValstone acquisition is preceded by a series of investments in Metso's globalvalve offering. Last year Metso opened a new valve technology center inFinland,and the previous year in Shanghai, China. Currently, Metso is expanding itsvalve production premises in the US as well as building a new supply andservicecenter in India. Additionally, Metso has high-class industrial valvefacilitiesin Brazil and Germany.

Commitment to meeting customer needs has also made Metso a leading valvetechnology service supplier. For example, customers like Petrobras and ArcelorMittal have awarded Metso with large service contracts. Valstone strengthensMetso's service capabilities in the growing South Korean market. For valvecustomers alone, Metso has 31 service centers around the globe.

"The acquisition of Valstone and the preceding investments confirm that we arein the business with a long-term strategy to continuously improve ourtechnologyoffering and services to benefit our customers. Asian growth markets have akeyrole in our strategy. We invest heavily in these markets in order to serve ourcustomers better, both locally and globally," says Perttu Louhiluoto,President, Metso Automation.

The Automation segment's process automation and flow control solutions meetthegrowing needs of Metso's customer industries to improve production processefficiency as raw materials and energy sources become scarcer and their costsincrease. Our global network of service experts delivers business solutions toour customers that improve their productivity, lower risks and optimize,

Metso is a global supplier of technology and services to customers in theprocess industries, including mining, construction, pulp and paper, power, andoil and gas. Our 30,000 professionals based in over 50 countries deliversustainability and profitability to customers worldwide. Expect,

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Thomson Reuters ONE


For further information, please contact:

Markku Simula
Flow Control business line
Metso Automation
tel. +358 40 579 8128
Email Contact

Perttu Louhiluoto
Metso Automation
tel. +358 40 556 5774
Email Contact


Comment on this story