Neles

Neles Oyj is a Finnish publicly traded company in the process industries. 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.[2] Company started operations on July 1, 2020.[2]

Neles Oyj
Julkinen osakeyhtiö
Traded asNasdaq Helsinki: NELES
Industryprocess industries
PredecessorMetso
Outotec
FoundedJuly 1, 2020 (2020-07-01)
Headquarters
Vantaa
,
Finland
Key people
Jukka Moisio (Chairman)
Olli Isotalo (President and CEO)[1]
Productsvalves
Number of employees
2,900 (2020)[1]
Websitewww.neles.com

Valmet acquired 14.9 percent of Neles’ shares on 1 July 2020.[3] On 13 July 2020, the Swedish company Alfa Laval made a takeover bid for Neles.[4] Valmet announced that it will not support Alfa Laval's takeover bid on July 2020[5] and increased its holdings in Neles on August 2020.[6]

Alfa Laval launched public cash tender offer for all Neles shares on August 13, 2020.[7]

References
  1. "Neles facts". Neles. Retrieved 13 August 2020.
  2. "Metso Corporation's partial demerger has been registered". Neles.com. Retrieved 13 August 2020.
  3. "Valmet acquires 14.9% ownership in the future Neles". Arvopaperi (in Finnish). Retrieved 15 August 2020.
  4. "Ruotsalainen Alfa Laval ostamassa Metso Outotecin ulkopuolelle jääneen Nelesin – kauppahinta miljardiluokassa". Yle (in Finnish). Retrieved 15 August 2020.
  5. "Valmetin toimitusjohtaja: Emme tue Alfa Lavalin tarjousta". Taloussanomat (in Finnish). Retrieved 15 August 2020.
  6. "Valmet kasvatti jälleen omistustaan Neleksessä". Kauppalehti (in Finnish). Retrieved 15 August 2020.
  7. "Alfa Laval commences the recommended public cash tender offer for all shares in Neles on 13 August 2020". Alfa Laval. Retrieved 13 August 2020.
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