Outotec and Metso Mineral to merge and create Metso Outotec.

Metso Minerals, a machinery industry company, agreed to merge with Outotec, a provider of complex mining technology and plant projects. Metso shareholders would own approximately 78.0% of the shares and votes of Metso Outotec, and Outotec shareholders would own approximately 22.0%. "This is a unique opportunity to create value for our customers, employees and partners globally. Metso Outotec will have capabilities that will enable us to drive sustainable growth, while providing our customers with high-quality technology, equipment and services that will ultimately improve their businesses. 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. I am therefore eagerly waiting to join with Outotec’s personnel to begin our exciting journey together," Pekka Vauramo, Metso CEO.