Metso Has Sold Its Holding In Valmet Fisher-Rosemount

Metso Corp.'s automation and control technology business area, Neles Automation, has sold its 51 percent holding in Oy Valmet Fisher-Rosemount Ab to Rosemount Inc. to clarify its distribution network in Finland. The selling price will not be disclosed.

Valmet Fisher-Rosemount is a sales company specializing in field instrumentation for the process industry automation.

Neles Automation develops and supplies process automation and flow control solutions for the pulp and paper, refining, petrochemical, chemical and energy industries.

Metso Corp. is a global supplier of process industry machinery and systems.