Metso Corporation and M&J Industries A/S, a company controlled by Dansk Kapitalanlæg, have signed a sale and purchase agreement.

Helsinki - According to Metso Corporation, it will acquire 100 per cent of the shares in the Danish company M&J Industries A/S. The value of the transaction is about EUR 16 million and it is expected to be closed in the coming weeks.

”This acquisition strengthens Metso’s position as a leading supplier of recycling equipment and services and makes Metso a significant player also in the solid-waste recycling equipment segment,” the Finnish supplier of technology and services says. “M&J Industries offers a broad range of mobile and stationary products for solid-waste crushing and has a large installed base. Metso’s global sales and service network enables further growth of the acquired waste recycling business outside Europe.”

M&J Industries is located in Horsens, Denmark, and has approximately 100 employees. Its forecasted net sales in 2009 are approximately EUR 26 million.

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