FinlandFinance and Banking
Recent international M & A transactions concerning Finnish companies contain, for example, the following transactions:
Foster Wheeler Corporation acquires Ahlstrom Pyropower
The business assets of Ahlstrom Pyropower, a part of Finnish based A. Ahlstrom Corporation, have been acquired by Foster Wheeler Corporation. According to Ahlstrom's CEO Krister Ahlstrom, Ahlstrom intends to concentrate all its resources on its core business, which is the production of pulping machinery and speciality paper and converting operations. The turnover of Ahlstrom Pyropower in 1994 was FIM 1,2 billion and the number of personnel approximately 1500. Ahlstrom Pyropower manufactures power boilers used in industrial processes and power plants. The acquisition includes all manufacturing, service and marketing units of Ahlstrom Pyropower. US based Foster Wheeler Corporation specialises in delivering services and products to companies in the petrochemical, medical and fuel industry. The turnover of
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