|Nasdaq Helsinki: NELES|
|Founded||July 1, 2020|
|Jaakko Eskola (Chairman)|
Olli Isotalo (President and CEO)
Number of employees
Neles Oyj is a Finnish publicly traded company offering flow control solutions for process industries. Neles designs and manufactures industrial valves and valve automation solutions. Neles trademark was origianlly 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. Company started operations on July 1, 2020.
Valmet acquired 14.9 percent of Neles’ shares on 1 July 2020.On 13 July 2020, the Swedish company Alfa Laval made a two billion dollar takeover bid for Neles. Valmet announced that it will not support Alfa Laval's takeover bid on July 2020 and increased its holdings in Neles on August 2020.
Alfa Laval launched public cash tender offer for all Neles shares on August 13, 2020. %. In November 2020, Alfa Laval withdrew its intention to acquire Neles, as only 33% of Neles's owners supported the acceptance of the tender offer.Valmet increased its stake in September 2020 to 29,8
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