Metso Outotec and Neles have started their journey as independent companies

Metso Outotec and Neles

Now independent companies

The combination of Metso Minerals and Outotec has been completed and the new company, Metso Outotec, was established on July 1, 2020. At the same time, Metso Flow Control became a separately listed independent company and started its journey under the name of Neles.

Metso Outotec in numbers

Employees

Metso Outotec has about 15,600 employees.

Sales

Illustrative combined sales EUR 4.2 billion in 2018, with McCloskey included.

Shares

Metso shareholders to own 78% and Outotec shareholders 22% of the combined company.

CEO

Pekka Vauramo is the President and CEO of Metso Outotec.

About Metso Outotec

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing, metals refining and recycling industries globally. Metso Outotec’s headquarters is in Helsinki, Finland, and the company employs over 15,000 people in more than 50 countries. 

Investor information

Metso Outotec is a unique company in its industry, with strengths in technology and R&D, product and process excellence, and scale, as well as its global service offering footprint. The company will deliver significant value to all its stakeholders through a range of strategic, commercial, operational and financial benefits. Go to www.mogroup.com/investors for more information on shares, corporate governance, the investor calendar and more.

Careers at Metso Outotec

The ambition of Metso Outotec is to be a top-tier company in the industry. This is made possible by motivated people working together towards the common goal. Read more about job opportunities, the company culture and how to apply at www.mogroup.com/careers.

News about Metso Outotec

Read the latest press releases and subscribe to receive them directly in your email at www.mogroup.com/news.

Sustainability at Metso Outotec

Visit the sustainability section to find out what sustainability means at Metso Outotec. You can also find information on safety and human rights here, as well as our code of conduct: www.mogroup.com/sustainability.

Visit the new Metso Outotec website
for more information about the company

Neles in numbers

Employees

Neles has about 2,900 employees.

Sales

Neles sales are around EUR 593 million.

Shares

Independent from Metso Outotec and 100% owned by Metso’s shareholders.

CEO

Olli Isotalo is the CEO of Neles.

About Neles

Neles Corporation is a well-known flow control solutions and services provider for oil and gas refining, pulp, paper and the bioproducts industry, chemicals, and other process industries. With our market-leading expertise, products and services, we deliver our customer promise: Reinventing reliability. We employ about 2,900 people in more than 40 countries. Our head office is in Vantaa, Finland.

Investor information

Neles is a leading valve and valve automation company with strong market positions, above-market growth, and a resilient business model with strong profitability over cycles. The company focuses on R&D and sustainability development while investing in growth. Neles will create value for all its stakeholders through strategic, operational and financial benefits.

Go to www.neles.com/investors for more information on shares, corporate governance, investor events and more.

Careers at Neles

Want to be part of an ambitious, new growth company offering world-leading flow control solutions and services to customers all around the world? Are you eager to learn our respectful and customer-centered culture that continuously strives for better, together? We are looking for enthusiastic professionals who have a hands-on attitude and make great ideas a reality. Join the next chapter: www.neles.com/careers.

News about Neles

Read the latest press releases and subscribe to receive them directly in your email at www.neles.com/company/media/news.

Sustainability at Neles

Neles is a reliable partner offering sustainable solutions to customers. We do things responsibly and are committed to the continuous improvement of safety and the goal of zero harm in all activities at our own and customers’ premises. Visit our sustainability pages to find out what sustainability means to us: www.neles.com/company/sustainability (including Neles Code of Conduct)

Visit the new Neles website
for more information about the company