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Metso, Outotec make headway in merger completion

 

Metso and Outotec have announced a board of directors ahead of the two companies’ merger into a combined entity.

The Metso Outotec merger is scheduled for June 30 and will fuse Metso’s minerals business with Outotec, which specialises in a range of technologies, into one company.

The new company will aim to deliver sustainable technologies, solutions and services to the minerals processing, aggregates, metals refining and recycling industries and is designed to cater to the strengths of both Metso and Outotec.

Metso Outotec will be comprised of six business areas: minerals, aggregates, metals, recycling, services and consumables.

Metso’s current president of aggregates equipment Markku Simula will serve as the president of Metso Outotec’s aggregates business.

“I am happy to announce the future structure and executive team for Metso Outotec,” Pekka Vauramo, the future president and chief executive of Metso Outotec, said. “I’m confident that led by this team we will create a strong culture and deliver the benefits of the combination to our customers, shareholders and employees.

“Above all, Metso Outotec will be strong in sustainability. Our extensive combined offering for minerals processing from equipment to a broad range of services will help our customers improve their profitability and lower their operating costs and risks, while at the same time reduce the consumption of energy and water.”

Metso’s mining equipment president Stephan Kirsch will serve as president of Metso Outotec’s minerals business, while Outotec’s president and chief executive Markku Teräsvasara will become the new company’s president of services and deputy chief executive officer.

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