Metso Corporation sold Dynapac, its compaction and paving equipment group, to Nordic private equity investor Altor on June 30. Metso valued the debtfree divestment at approximately $348 million. The two companies reached an agreement for the sale in April. Metso said the sale was part of its strategy to focus on serving the pulp and paper industry and rock and minerals processing and process automation customers. The company said Dynapac, which was part of Metso Minerals, did not have customer-based synergies within the business area.
Metso completes sale of Dynapac to Altor
July 12, 2004