Metso Minerals and Outotec combine into one company

Metso Minerals and Outotec combine into one company

Metso Flow Control becomes a separately listed independent company

Metso and Outotec have jointly announced the combination of Metso Minerals and Outotec to create a leading company in process technology, equipment and services serving the minerals, metals and aggregates industries, and Metso Flow Control to become a separately listed independent flow control equipment and services company under the name of Neles.
Annual General Meeting 2020
Metso's Annual General Meeting will be held on Friday, March 20, 2020, at 2:00 p.m. at Finlandia Hall.

Metso Outotec in numbers

Employees

千亿体育网站Metso Outotec has about 15,600 employees.

Sales

千亿体育网站Illustrative combined sales EUR 4.2 billion in 2018, with McCloskey included.

Shares

千亿体育网站Metso shareholders to own 78% and Outotec shareholders 22% of the combined company.

CEO

千亿体育网站Pekka Vauramo will be the CEO of Metso Outotec.

千亿体育网站“We are excited about the unique opportunities this combination will create for our customers, employees and partners globally. We will have an extensive global presence, complementary offering, strong services and a large installed base. We also have excellent people – the best talent in the industry.”

Pekka Vauramo, Metso’s President and CEO

“The combination of Outotec and Metso marks an important milestone in each companies’ histories and in Outotec’s strategic development. I am excited about the many benefits that the combination will deliver for customers, employees and ultimately shareholders, with the larger scale and combined strengths of both companies.”

Markku Teräsvasara, Outotec’s CEO

Neles in numbers

Employees

Neles has about 2,900 employees.

Sales

千亿体育网站Neles sales are around EUR 593 million.

Shares

Independent from Metso Outotec and 100% owned by Metso’s shareholders.

CEO

Olli Isotalo will be the CEO of Neles.

“Neles offers an exceptional product portfolio and service offering with best-in-class profitability. Under the leadership of Olli Isotalo, Neles will have the means to capitalize on both organic and inorganic growth opportunities while continuing to focus on our customers’ needs and delivering intelligent solutions.”

千亿体育网站Mikael Lilius, Chairman of Metso Board

Releases and other materials

Releases

Prospectus (Offering Circular) materials:

Videos and audiocasts

  • (July 4)
  • (July 4)
  •  (July 4)

Other investor materials