# Valmet acquires 14.88% stake in future Neles from Solidium

Valmet agreed to buy 22,374,869 shares, or 14.88%, of the future Neles Corporation from Solidium Oy for EUR 179 million paid in cash. The transaction is expected to close on July 1, 2020, after Neles is spun off from Metso.

- Type: Acquisition
- Announced: 2020-06-17
- Where: Vantaa, Finland, Finland
- Value: $200.0M (179.0M EUR)
- Status: announced
- Products: valves, valve automation, flow control products
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Metso](https://endata.com/companies/240.md) (partner)
- [Valmet](https://endata.com/companies/244.md) (acquirer)
- [Neles](https://endata.com/companies/4658.md) (target)
- [Solidium](https://endata.com/companies/6624.md) (partner)

## Sources

- [valmet.com](https://www.valmet.com/news/stock-exchange-releases/2020/valmet-acquires-14.9-ownership-in-the-future-neles), 2020-06-17: "The agreed purchase price is EUR 8.00 per share, corresponding to a total transaction value of EUR 179 million at the signing, paid 100% in cash."

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