Metso Minerals of Helsinki and Outotec of Espoo have announced plans to combine their companies to create an industry leader in equipment and processing for the mineral processing industry. (Metso Flow Control will become an independent company under the name Neles.)
The combined company will be named Metso Outotec.
The combination of Metso Minerals and Outotec is highly complementary and will create a unique company in the industry. Metso Outotec will leverage the strengths of both companies, including technology and R&D, product and process excellence, scale and global service offering footprint. The two companies had combined 2018 sales of about $6 billion.
The Metso Minerals and Outotec will deliver significant benefits to all stakeholders.