Announced
Completed
Financials
Tags
Public
Acquisition
flow control solutions
Machinery: Industrial
industrial machinery
Finland
Domestic
Single Bidder
Friendly
Majority
Merger
Completed
Synopsis
Solidium-backed Valmet, a developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries, completed the merger with Neles, a Finnish publicly-traded company offering flow control solutions for process industries, in a $1.6bn deal. “The combination of Valmet and Neles will create a broad and competitive product offering for our customers and build on the excellent reputation of both of our businesses. The transaction creates a global industrial leader with a bright future beyond what we could achieve separately. Together our businesses are better positioned to drive innovation and leadership in sustainability," Mikael Mäkinen, Valmet Chairman.
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