Metso acquires globe valve technology company in South Korea
March 7, 2012
Metso has signed an agreement to acquire Valstone Control Inc., a South Korean valve technology company. The acquisition strengthens Metso’s control valve and service offering for customers in the oil and gas and power industries, and the acquired technology plays a key role in the most critical processes with extreme pressures and temperatures.
Metso has an ambitious growth strategy to develop its valve business, and the company currently has 31 service centres around the world for valve customers alone. The acquisition of Valstone follows Metso’s strategy by strengthening the company's position in the growing South Korean and Asian markets.
“The acquisition of Valstone and the preceding investments confirm that we are in the business with a long-term strategy to continuously improve our technology offering and services to benefit our customers. Asian growth markets have a key role in our strategy. We invest heavily in these markets in order to serve our customers better, both locally and globally,” says Perttu Louhiluoto, President, Metso Automation.