Metso's Pulp, Paper and Power business, the future Valmet, said it would "sharpen its focus on the product portfolio" in the field of biomass based energy production solutions.
In the future, Valmet's offering will cover boiler islands, small power plants based on bubbling fluidized bed (BFB) and BioGrate combustion technologies, and large heating plants based on BFB and pellet technologies. As a result of this process, Valmet will divest its small-scale heating plant business and related services operations in Finland, Russia and Sweden. The price of the transactions will not be disclosed.
Valmet said that it would sell its small-scale heating plant business in Finland and Russia to Finnish company KPA Unicon. This business is currently part of MW Power Oy and the revenue of the business has been around €20m annually. The company also signed a contract to divest the small-scale heating plant business in Sweden to a part of current MW Power AB management. The management buyout scope covers the operations in Sävsjö, including a production unit with 42 employees. The closing of the transaction is targeted to happen by early January, 2014.