Metso Paper to Buy MHI Paper Machinery Technology
Feb. 15, 2008 - Metso Paper and Mitsubishi Heavy Industries (MHI) have reached an agreement whereby MHI's paper machinery technology will be transferred to Metso Paper.
The value of the deal was not disclosed.
Metso said the arrangement will ensure continuous technical support for MHI customers and it will start serving the customers immediately after the agreement is finalized.
MHI will attend to its present order backlog, and Metso Paper will take over the customer service after MHI contractual obligations have been fulfilled, the company added.
SOURCE: Metso Paper