Outotec was created this year through the merger of Finnish company Outotec and the minerals business of the Finnish Group. Statement re Corporation On 20 May , The Weir Group PLC ("Weir") submitted a revised indicative all share acquisition proposal (the "Proposal") to the Board of

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.

Outotec Oyj is a Finnish publicly traded company that was established in when Outotec and Minerals merged. [2] [3] The company is focusing on providing technology

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.

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 and reported the merger will be complete on June 30. Separately, announced the commencement of full-scale tests of the VPX tailings dewatering filter at its facilities in Sorocaba, Brazil. The unit will process ore from several operations in Brazil and Latin America. The testing seeks to prove the unit's capacity at

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.

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%

Finland-based equipment maker Corp.'s board of directors and Finland-based Outotec Oyj have announced that the combination of 's Minerals business and Outotec is completed. Outotec is a designer and builder of minerals processing and metals refining systems. The companies announced a demerger plan and combination agreement in July 2019.

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

The new company, to be called Outotec, will be one of the leading technology suppliers to mining and minerals processing companies, said when announcing the deal last year. The merged