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2015-04-13

Metso Corporation: Metso has finalized the sale of the Tampere foundry in Finland to TEVO

Metso has finalized the sale of the Tampere foundry in Finland to TEVO

Metso Corporation's press release on April 13, 2015 at 1:00 p.m. EEST

Metso has finalized the sale of the Tampere foundry, announced December 19,
2014, to the Finnish company TEVO Oy. The business was transferred to the new
owner on April 13, 2015. The sales price will not be disclosed. In
conjunction with the sale, all foundry personnel transferred to TEVO Oy with
their existing employment contracts.

"Tampere foundry's expertise, equipment and product portfolio are mainly
centered around demanding steel castings that are outside Metso's selected
customer sectors, e.g. in the shipbuilding and hydropower industries. The
divestment of the foundry supports Metso's strategy and gives both parties
the opportunity for a positive future and collaboration," says Juha
Silvennoinen, President, Services business area, Metso.

After the sale, Metso has five of its own foundries and a comprehensive
network of casting suppliers serving the mining and aggregates industries.
Metso's own foundries are located in Ahmedabad, India; Isithebe, South
Africa; Prerov, Czech Republic; Quzhou, China; and Sorocaba, Brazil.

TEVO is a family-owned business originally from Raahe in western Finland; it
has been in business for over 40 years. TEVO is an internationally operating
heavy-duty machine engineering workshop, whose business has expanded from the
steel and paper industries to the offshore and shipbuilding industries. TEVO
specializes in complex steel structures and specialty welding. Its own
product offering consists of, e.g., bronze propellers for sea-going vessels
and specialty rolls for paper industry. With the acquisition, TEVO employs
approximately 260 professionals at its Raahe, Turenki and Tampere sites in
Finland. Over 50% of TEVO's annual net sales of about EUR 50 million come
from exports. TEVO is a financially solid and trustworthy partner. It is one
of the most successful companies in its sector in Finland. www.tevo.fi

Metso is the world's leading industrial company in the mining and aggregates
industries and in the flow control business. Our knowledge, people and
solutions help drive sustainable improvements in performance and
profitability in our customers' businesses.

Metso has an uncompromising attitude towards safety. Our products range from
mining and construction equipment and systems to industrial valves and
controls. Our solutions are delivered and supported by decades of process
knowledge and a broad scope of services backed by a global footprint of over
90 service centers, thousands of service employees, and an extensive
logistics network.

Metso is listed on the NASDAQ OMX Helsinki, Finland. In 2014, Metso's net
sales totaled EUR 3.7 billion. Metso employs approximately 14,000 industry
experts in more than 50 countries. Expect results.

www.metso.com,
www.twitter.com/metsogroup

For further information, please contact:

Pirjo Virtanen, VP Operations and Site Manager, Tampere, Finland, Metso, Tel.
+358 20 484 4237, Email: pirjo.virtanen@metso.com

Teuvo Joensuu, Managing Director, TEVO Oy, Tel. +358 40 504 7655, Email:
teuvo.joensuu@tevo.fi

Jussi Ollila, Vice President, Global Communications, Metso Corporation, Tel.
+358 20 484 3212, Email:jussi.ollila@metso.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Metso Corporation via Globenewswire

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