Metso to Divest Metso Husum to Pichano Holding
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Metso, Finland, has divested all of its shares in Metso Husum AB, located near Örnsköldsvik, Sweden, to Pichano Holding AB, as the result of a restructuring plan of its service workshop network in Sweden. The business was transferred on January 1. The value of the agreement was not disclosed.
Metso Husum AB is specialized in repair and maintenance work to the pulp and paper industry as well as to the construction industry. It provides services at the customer site as well as manufacture in its own workshop. The company has a turnover of EUR 1.5 million and 12 employees, all of which will remain with the company.
"We will integrate the Husum company into Pichano without major changes, and then continue to develop the business in the areas we focus on, i.e., bioenergy, hydroelectric power, wind power, and steel work within the construction industry," said Kent Modin, VD, Pichano Holding.
The Pichano group is a full-service company serving customers within the construction, transport, and maintenance area. The turnover in the group is EUR 21 million, and it has 150 employees.
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