Metso Corporation and Outotec Oyi have received competition clearances to combine both businesses through a partial demerger of Metso.
The Metso and Outotec combination is now set to take place on June 30.
Once merged, Metso will be renamed Neles Corporation and form a separately listed entity focussed on flow control.
The merger was approved by Metso’s board of directors last October and the companies have been working hard to gain the necessary approvals to complete the merger by mid-2020.
Outotec specialises in mining technology and aims to combine this with Metso’s strengths in the minerals sector to create a new company built with both sets of strengths.
This includes technology, research and development, product and processing and aftermarket service capabilities.
Metso and Outotec aim to together deliver the industry with sustainable technologies, solutions and services, while taking advantage of their footprint in many markets around the world.
The businesses have experience in a range of commodities, in particular copper and battery minerals, and Metso has proven its expertise in dry minerals processing, crushing, screen and milling as well as pyro technology and tailings waste management.
Outotec has built its rapport in wet processing disciplines including hydrometallurgy, floatation, filtration and downstream mineral processing.
The new headquarters are expected to be established in Finland’s capital city, Helsinki.