Metso Automation and The Linde Group have signed a purchase agreement regarding MAPAG Valves GmbH, a manufacturing company of high performance butterfly valves for the petrochemical, air separation and LNG industries. The enterprise value is EUR 36 million. In connection with the transaction, the parties have made a long-term partnership agreement. The acquisition will require relevant regulatory approvals. MAPAG Valves operates a modern factory in Horgau, near Munich. It employs around 100 persons and its net sales in 2008 is estimated to be EUR 36 million. The company’s special strengths are in engineering, project management and process know-how for demanding applications.
