# Metso to acquire full ownership of MW Power joint venture from Wärtsilä

Metso has agreed to acquire Wärtsilä's 40% stake in the MW Power joint venture, giving Metso full ownership. The transaction is subject to EU competition authority approval.

- Type: Acquisition
- Announced: 2020-04-09
- Where: Helsinki, Finland, Finland
- Jobs: 250
- Status: announced
- Products: small- and medium-sized heat and power plants
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Metso](https://endata.com/companies/240.md) (acquirer)
- [Wärtsilä](https://endata.com/companies/254.md) (partner)
- [Outotec](https://endata.com/companies/776.md) (target)
- [MW Power](https://endata.com/companies/46474.md) (target)

## Sources

- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2572-metso-to-acquire-full-ownership-of-the-mw-power-joint-venture), 2020-04-09: "In the future, Metso will develop MW Power's business as part of its comprehensive power generation solutions offering for the international market."
- [australianmining.com.au](https://www.australianmining.com.au/metso-outotec-stride-towards-merger/), 2020-05-14: "The European Commission has approved the proposed combination of Metso's minerals business and Outotec, with the merger on track for completion in June."
- [processonline.com.au](https://www.processonline.com.au/content/business/news/eu-commission-grants-clearance-of-metso-outotec-merger-259872951), 2020-05-15: "The combination of Metso Minerals and Outotec is highly complementary and will create a unique company in the industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.