Combination of Metso Minerals and Outotec

Metso and Outotec jointly announced today 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. Metso Flow Control is to become a separately listed independent flow control equipment and services company under the name of Neles.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. Metso had sales of about EUR 3.2 billion in 2018. Metso employs over 14,000 people in more than 50 countries.
Outotec develops technologies and services for the sustainable use of Earth’s natural resources with customers active in the mining, metal, energy, and chemical industries. Outotec had sales of EUR 1.3 billion in 2018, and its shares are listed on Nasdaq Helsinki