# Metso shareholders approve demerger and combination with Outotec

Metso's extraordinary general meeting approved the demerger plan and partial demerger to combine with Outotec Oyj, creating Metso Outotec. The combined company had sales of €3.9 billion in 2018, with completion expected in Q2 2020.

- Type: Acquisition
- Announced: 2019-10-29
- Where: Helsinki, Finland
- Status: announced
- Products: process technology, equipment and services for minerals, metals and aggregates
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Metso](https://endata.com/companies/240.md)
- [Outotec](https://endata.com/companies/776.md) (target)

## Sources

- [australianmining.com.au](https://www.australianmining.com.au/metso-gives-outotec-combination-green-light/), 2019-10-29: "We also have excellent people – the best talent in the industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.