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Metso Drives’ ownership was transferred from Metso Corporation to the funds managed by CapMan on 8 April 2005. The new company name will be Moventas. Moventas implies movement, a basic element in mechanical power transmission. Moventas continues the story of Metso Drives, Valmet Power Transmission and Santasalo. Only the name changes; their operations continue as before. They will present their new graphic design in June, and their new websites will be operative from the beginning of July 2005.
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