Metso was created through the merger of Valmet and Rauma in 1999. Valmet at that time was a paper and board machine supplier, while Rauma’s operations were focused on fiber technology, rock crushing and flow control solutions. The merger produced an equipment supplier serving the global process industry. Soon after the merger, Metso Corporation started to build its mining offering by acquiring Svedala Industri AB. Following an active acquisition and organic growth strategy, Metso soon became one of the world’s leading process industry suppliers.
2013 marked a special turning point in Metso’s history when the decision was made to split the company into two listed, independent entities: Metso Corporation and Valmet Corporation. The latter continues the history of Valmet by serving industries that use bio-based raw materials. Metso focuses on intelligent solutions and services for the mining, construction, and oil and gas industries. Metso also continues to provide leading process automation and flow control solutions and services for the pulp, paper and power generation industries as well as selected other industries.