Metso Minerals to add Outotec product line

The Financial Supervisory Authority of Finland has approved a supplement to a prospectus prepared for the combination of the Metso Minerals Business and Outotec, a designer and builder of minerals processing and metals refining systems. Both companies are based in Finland.

Under the terms of the prospectus, Metso shareholders will hold 78 percent of the shares of the combined company. Another term of the agreement will see Metso 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, Metso president and CEO about the Outotec acquisition. “We will have an extensive global presence, complementary offering, strong services and a large installed base. We also have excellent people – the best talent in the industry.”

States Markku Teräsvasara, Outotec’s CEO, “I am excited about the many benefits that the combination will deliver for customers, employees and ultimately shareholders, with the larger scale and combined strengths of both companies.”

Metso describes itself as offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. The company employs more than 15,000 people in some 50 countries.

On its website, Outotec lists systems for minerals grinding and flotation and metals smelting and chemical processing as among its product offerings.