Metso and Wärtsilä have received the necessary regulatory approvals from the European Commission to close the initiated ownership changes of MW Power Oy.
According to the agreement released May 31, 2012 Metso will acquire full ownership of MW Power. The transaction between Metso and Wärtsilä has been closed. The value of the agreement will not be disclosed.
MW Power supplies small- and medium-sized heat and power plants for European market, and focuses on renewable fuel solutions. Its main customers are municipalities, process industries and utilities. The company has a total of 250 employees in Finland, Scandinavia, the Baltic area and Russia.