metso outotec merger

Following the first month of integration work, Outotec has assessed and validated the synergy targets related to the combination of 's Minerals business with Outotec. The timetable and scope of the cost synergies are confirmed to be more positive than originally estimated.

Latest News. and Outotec are merging to create a "leading company in process technology, equipment and services" for the minerals, metals and aggregates industries. The combined company

The Combined Company, comprising Minerals and Outotec (but excluding Flow Control), will be named " Outotec.". It had illustrative combined sales of €3.9 billion in (approximately €4.2 billion including the impact of the recently announced acquisition of by ). With this transaction, Flow

3/7 · has officially merged its minerals business with Outotec to form a new company with aims to become an industry leader across the minerals, aggregates, metals refining and recycling industries. The newly-formed Outotec will fuse and enhance the two companies’ offerings, covering sustainable technology, solutions and services for minerals

Outotec is a global pioneer in sustainable technologies and in providing end-to-end solutions and services in mineral and aggregate processing and metals refining. Outotec is the result of a merger between and Outotec, and currently the company employs more than 15,000 people in over 50 countries.

Outotec completes merger clearance process in India. Outotec Corporation's press release on May 11, , at 09:00 a.m. EEST. The combination of Minerals and Outotec was conditionally approved by the Competition Commission of India (CCI) in June , subject to the transfer of legacy 's straight grate iron ore

5/11 · Outotec completes merger clearance process in India. Outotec Corporation’s press release on May 11, , at 09:00 a.m. EEST. The combination of

Including , illustrative combined sales would have been approximately €4.2 billion. shareholders will receive as demerger consideration 4.3 new shares in Outotec for each share owned in Metso. Upon completion of the transaction, and Outotec shareholders would own approximately 78.0% and approximately 22.0%

7/1 · Posted by Daniel Gleeson on 1st July . The first public showing from executives of the new Outotec has highlighted just how big the new group will be within the mineral processing ecosystem. Circa-15,000 employees, some 5,000 service representatives, around €4.2 billion ($4.7 billion) of sales in the stats are impressive.

The first public showing from executives of the new Outotec has highlighted just how big the new group will be within the mineral processing ecosystem. Circa-15,000 employees, some 5,000 service representatives, around €4.2 billion ($4.7 billion) of sales in the stats are impressive. The minerals sector dominates within this

Outotec is your partner for positive change in North America. From ore to metal, our new combined offering includes industry-leading technology and comprehensive aftermarket

The merger covers six business areas including minerals, aggregates, metals recycling, services and consumables. Outotec will also provide a full offering "from ore to metal" for minerals processing, which involves equipment and full plant solutions.

Simon Matthis - 24 Jun, , The Boards of Directors of Corporation and Outotec announced on July 4, that they have agreed on the combination of 's Minerals business and Outotec through a partial demerger of in accordance with the demerger plan and combination agreement signed on July 4, 2019.

Attachment: Outotec sector 0719 Minerals, a subsidiary of , will merge with Outotec to form a process-technology and equipment company. and Outotec are involved in numerous projects servicing the Metals & Minerals Industry. The deal is expected to close by the second quarter of 2020. Login to Read More

July 1, 2020. will combine with Outotec to form Outotec, while Flow Control will become a separately listed company called Neles Corporation. The move was initially announced on 4 July, , when the two companies signed an agreement for the demerger. All regulatory approvals were granted on June 18, 2020.

5/14 · Outotec and expect the completion of the merger on 30 June this year, subject to approval by other required regulatory authorities, including clearances from certain competitors. Upon completion of the merger, the new company will have 15,600 employees, and an illustrative combined sales and adjusted EBITA of €3.9bn ($4.21bn).

The initial synergy targets, published in July , were EUR 100 million of run rate pre-tax cost synergies and EUR 150 million additional revenue synergies. Both targets were initially expected to materialize in three years after the merger has completed. In addition to the synergies, Outotec will continue with temporary savings

Outotec is the result of a merger between and Outotec, and currently the company employs more than 15,000 people in over 50 countries. When and Outotec announced

Another term of the agreement will see spinning off its Neles flow control equipment line into a separately listed company. "We are excited about the unique opportunities this combination will create for our customers, employees and partners globally," says Pekka Vauramo, president and CEO about the Outotec acquisition.

5/14 · The European Commission has approved the proposed combination of ’s minerals business and Outotec, with the merger on track for completion in June. The two companies plan to combine ’s minerals business with Outotec, a move that has received unconditional clearances from competition authorities in Canada, Chile and Turkey.

2022/9/1 · Thu, 09/01/2022 - 14:05. HELSINKI, Finland – Outotec has closed the acquisition of Global Physical Asset Management, a technology provider based in North

7/2 · July 02, . Aggregate is just one of the minerals processing areas that Outotec will focus on moving forward. July 1 marked a big day for the aggregates, mining and recycling industries, as two key manufacturers- and Outotec - completed a merger that has created a new company targeted at helping customers change and advance the

7/1 · July 1, . Finland-based equipment maker Corp.’s board of directors and Finland-based Outotec Oyj have announced that the combination of ’s Minerals business

As of June 25, , Carita Himberg has been appointed senior Vice president, Human Resources and a member of the future Outotec executive team. Outotec's headquarters will be in Helsinki, Finland and it will maintain its listing on Nasdaq Helsinki. The combination agreement may be terminated by mutual written consent.

and Outotec says the two companies also have received unconditional clearances also from the competition authorities of "a number of other jurisdictions, including Canada, Chile and Turkey." and Outotec say they expect the merger to be completed on June 30, , "subject to the receipt of all required regulatory and other

7/2 · Finalised on July 1, the merger brings together the two Finnish companies, which have €4.186 billion ($6.8 billion) in combined sales for , with that number now expected to grow

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Finnish engineering groups MEO1V.HE> and Outotec said on Thursday the merger of their main mining equipment businesses was on track for a mid-year close, despite a hit to

6/30 · Minerals Oy entered into a demerger plan and a combination agreement to acquire Outotec Oyj (HLSE:OTE1V) in a reverse merger transaction on July 4, 2019. Under the

Pekka Vauramo, ’s current president and CEO. During July, mineral processing giants and Outotec announced they would be combining their businesses to create “a leading

the nominations will become effective after the closing of the partial demerger of and the combination of 's minerals business and outotec, which is currently expected to take place on june 30, , subject to receipt of all required regulatory and other approvals, including competition clearances - which the companies made