Metso Sells Its Stake in Metso Husum to Pichano Holding

Jan. 8, 2013 - Metso said that it has divested all its shares of Metso Husum AB to Pichano Holding AB, as a result of a restructing plan of its service workshop network in Sweden.

The business was transferred on January 1, 2013.

The value of the deal will not be disclosed.

Metso Husum specializes in repair and maintenance work for the pulp and paper industry, as well as the construction industry. The company provides services at the customer site as well as manufacture in their own workshop.

"We will integrate the Husum company into Pichano without major changes, and then continue to develop the business in the areas we focus on; i.e. bioenergy, hydroelectric power, wind power, and steel work within the construction industry," said Kent Modin, VD, Pichano Holding AB.

Metso Husum has a turnover of 1.5 MEUR and 12 employees. The company is located close to Ornskoldsvik, Sweden..

All employees will remain with the company, Metso said.

The Pichano group is a full service company serving customers within the construction, transport and maintenance area. The turnover in the group is 21 MEUR and they have 150 employees.

SOURCE: Metso