Metso takes full ownership of MW Power

The relevant regulatory approvals from the European Commission for the sale of Wartsila‘s 40 per cent share in MW Power to Metso OMX:à‚ MEO1V) have been received, meaning Metso now has full ownership of the joint venture company.

The value of the agreement has not been disclosed.

Back in September 2008, Wartsila (OMX:à‚ WRTBV) and Metso signed a contract to create MW Power Oy, which combined Metso’s Heat & Power business and Wartsila’s Biopower business.

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