# Valmet proposes statutory merger with Neles

Valmet proposed to the Neles board on 29 September 2020 to start talks on a statutory merger of the two Finnish companies. Valmet had already built its Neles stake to 29.5%.

- Type: Acquisition
- Announced: 2020-09-29
- Where: Finland
- Value: $2.00B
- Status: announced
- Products: valves, automation systems, process industry services
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Valmet](https://endata.com/companies/244.md) (acquirer)
- [Alfa Laval](https://endata.com/companies/306.md) (partner)
- [Neles](https://endata.com/companies/4658.md) (target)

## Sources

- [valmet.com](https://www.valmet.com/news/stock-exchange-releases/2020/valmet-has-proposed-a-statutory-merger-between-valmet-and-neles-to-the-board-of-directors-of-neles/), 2020-09-29: "Valmet has today approached the Board of Directors of Neles with a proposal to start discussions on a potential statutory merger between the two companies."
- [reuters.com](https://www.reuters.com/article/world/europe/valmet-seeks-merger-with-neles-challenging-alfa-laval-idUSKBN26K0WE/), 2020-09-29: "Valmet, Neles' largest shareholder with a 29.5% stake, said on Tuesday it wanted to start talks with Neles over a deal"
- [valmet.com](https://www.valmet.com/news/stock-exchange-releases/2020/valmet-sustains-its-goal-to-merge-valmet-and-neles/), 2020-10-12: "Unfortunately, Valmet was not invited to discuss these topics in more detail with Neles."

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