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Native name | Metso Oyj |
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Company type | Julkinen osakeyhtiö |
Nasdaq Helsinki: METSO | |
Industry | Industrial machinery |
Predecessor | Metso Outotec |
Founded | 1 July 2020 |
Headquarters | , |
Key people | Kari Stadigh (Chairman), Pekka Vauramo (President and CEO) |
Products | Industrial company serving the mining, construction and recycling industries |
Number of employees | 15,600 (2020) [1] |
Website | www |
Metso Corporation (natively Metso Oyj) [2] is a Finnish publicly traded company that was established in 2020 when Outotec and Metso Minerals merged. [3] The company is focusing on providing technology and services for mining, aggregates, recycling and metal refining industries. [4]
The European Commission accepted Metso's and Outotec's merger on 13 May 2020 [5] and the company started operations on 1 July 2020. [6]
The company changed its name from Metso Outotec to Metso in May 2023. [7]
Metso's president and CEO Pekka Vauramo became the company's president and CEO. Mikael Lilius, former chairman of the Board of Metso, is the chairman of the board, and Matti Alahuhta, former chairman of the board of Outotec, is the deputy chairman of the board. [8] The company employs a total of more than 15,000 people worldwide in more than 50 countries. [9]
In February 2023, Metso Outotec board of directors announced a proposal to shareholders on company name change from Metso Outotec Corporation to Metso Corporation. [10] The grounds for the proposal were that the post-merger integration of the two companies had been completed and that the company strategy going forward focused on a strong unified company brand. Shareholder vote on the proposal was scheduled for annual general meeting on 3 May 2023. The name was changed on 4 May 2023. [7]
On November 1, 2024 Sami Takaluoma became President and CEO. [11]
Valmet Oyj, a Finnish company, is a developer and supplier of process technologies, automation systems and services for the pulp, paper, energy industries. Flow control serves a wider base of process industries.
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Metso Corporation was a Finnish industrial machinery company focusing on providing technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries.
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Outotec Oyj was a Finnish company, headquartered in Espoo, aimed at providing technologies and services for the metal and mineral processing industries. In 2020, Outotec merged with Metso Minerals and new company is called Metso Outotec.
Göran Albert Casimir "Casse" Ehrnrooth, titled Vuorineuvos, was a Finnish magnate and former chairman of the Nokia Corporation. His business career began in the forest industry, and later he was a director of UPM-Kymmene and Merita-Nordbanken.
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Neles Oyj was a Finnish publicly traded company offering flow control products and services for process industries. The Neles trademark was originally filed in 1956 by Finnish engineers Antti Nelimarkka and Eino Santasalo. In July 2019, it was announced that Metso Minerals and Outotec would merge in 2020 into a new large mineral company called Metso Outotec. At the same time, the remaining Metso was transformed into Neles. The company started operations on 1 July 2020.
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