Authority approves Bobst acquisition of Metso Converting Group

European competition authorities have approved Metso’s divestment of its Converting group to the Swiss Bobst Group. Metso and Bobst Group reached an agreement on the sale in October 2003 and then final transfer took place at the end of January 2004. The final price was approximately EUR 75 million.

The divestment is a part of Metso's strategy to focus on its core businesses serving pulp and paper industry, rock and minerals processing and process automation customers.