# Outotec and Metso receive EU clearance for merger

Outotec Oyj and Metso Corp. received unconditional merger control clearance from the European Commission, following earlier clearances in Canada, Chile and Turkey. The merger is expected to be completed on June 30, 2020.

- Type: Acquisition
- Announced: 2020-06-16
- Where: Finland
- Status: announced
- Products: mining equipment, tailings dewatering filters, mill lining wear parts
- 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)
- [Metso](https://endata.com/companies/240.md) (acquirer)
- [Outotec](https://endata.com/companies/776.md) (target)
- [Metso Outotec](https://endata.com/companies/48313.md) (acquirer)

## Sources

- [e-mj.com](https://www.e-mj.com/departments/suppliers-report/outotec-metso-merger-gains-ground/), 2020-06-16: "Outotec and Metso reported the merger will be complete on June 30."
- [australianmining.com.au](https://www.australianmining.com.au/metso-outotec-merger-sets-up-future-expansion/), 2020-07-02: "Our aim with this merger is to reach much higher — really reach out so that we can clearly say that we are a Tier 1 company when it comes to financial performance but also other things."
- [equipmentjournal.com](https://www.equipmentjournal.com/construction-news/metso-outotec-begins-operations-following-merger/), 2020-09-04: "Metso Outotec, a new company focused on sustainable minerals and metals processing and recycling technologies began operations in July."

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