# Metso Minerals completes reverse merger with Outotec

Metso Minerals completed its reverse merger acquisition of Outotec, forming Metso Outotec. Metso shareholders received 4.3 Outotec shares per Metso share, owning approximately 78% of the combined company. Metso Corporation was renamed Neles Corporation.

- Type: Acquisition
- Announced: 2020-06-29
- Where: Finland
- Status: completed
- Products: minerals processing equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Outotec](https://endata.com/companies/776.md) (target)
- [Metso Minerals](https://endata.com/companies/48197.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/METSO-OUTOTEC-OYJ-1412510/news/Metso-Minerals-Oy-completed-the-acquisition-of-Outotec-Oyj-in-a-reverse-merger-transaction-33801852/), 2020-06-29: "Metso Minerals and Outotec will combine and the combined company, comprising Metso Minerals and Outotec (but excluding Metso Flow Control), will be named 'Metso Outotec'."

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