Metso Corp. (Helsinki) and Outotec Oyj (Espoo, Finland) have received the final regulatory approvals needed to merge Metso Minerals and Outotec into a new company, Metso Outotec.
They will complete the merger June 30, the companies say.
The new company will focus on equipment and services for the recycling, metal refining, aggregates, and minerals processing industries. Metso Flow Control, a division of Metso, will become an independent flow control equipment and services company called Neles Corp.
Visit www.metso.com or www.outotec.com.