Metso Acquires EPT Engineering Services in India

Source: www.gulfoilandgas.com 8/22/2013, Location: Asia

Metso has acquired the Indian engineering company EPT Engineering Services Private Limited. The acquisition follows Metso’s strategy and strengthens the company’s position in the growing Asian market. The value of the transaction will not be disclosed.

EPT Engineering Services is a privately owned company providing design, detail engineering and value added services such as conceptual design and 3D modeling to the power, pulp and paper, oil, gas and petrochemical industries. The company has 90 employees.

“The acquisition of EPT follows our strategy to improve our cost-competitiveness and to serve our customers better, both locally and globally. This acquisition gives also Metso a 100% ownership of the joint venture, Metso Power India Private Limited, where EPT has been a minority owner,’’ says Olli Karavirta, Vice President, Operations, Metso’s Power business line.

Metso’s pulp, paper and power professionals specialize in processes, machinery, equipment, services, paper machine clothing and filter fabrics. Our offering and experience cover the entire process life cycle including new production lines, rebuilds and services.

As of January 2014, Metso's Pulp, Paper and Power business will serve its customers with an even more focused and competitive approach as an independent, listed company, Valmet Corporation.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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