Metso has officially merged its minerals business with Outotec to form a new company which aims to become an industry leader across the minerals, aggregates, metals refining and recycling industries.
The newly-formed Metso Outotec will fuse and enhance the two companies’ offerings, covering sustainable technology, solutions and services for minerals processing and other areas.
“Our aim with this merger is to reach much higher – really reach out so that we can clearly say that we are a Tier 1 company when it comes to financial performance but also other things,” Metso Outotec president and chief executive officer Pekka Vauramo said during a media briefing.
Before becoming Metso Outotec, Metso’s mineral business offered dry minerals processing, crushing, screening and milling equipment, along with pyro technology and tailings management systems, while Outotec developed wet processing technology to the industry, including flotation, hydrometallurgy and filtration.
Finalised on July 1, the merger brings together the two Finnish companies, which had €4.186 billion ($6.8 billion) in combined sales in 2019, with that number now expected to grow even higher.
This also appears in the August issue of Australian Mining.