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Jul 1, 2021ACQUISITIONFinland Valmet and Neles agree merger to create process industry flow control and automation leader
Valmet and Neles signed a combination agreement and merger plan under which Neles will merge into Valmet, creating a company with illustrative 2020 net sales of about EUR 4.3 billion and around 17,000 staff. The combination targets roughly EUR 25 million in annual run-rate synergies.
Productsflow control valvesautomation systems
“The Combined Company will be a leading company with a unique offering for process industries globally with illustrative combined net sales for 2020 of approximately EUR 4.3 billion.”valmet.com
- 4 sources
- valmet.comValmet and Neles to merge creating a leading company with a unique offering for process industries globallyJul 2, 2021
- reuters.comFinnish engineer Valmet to buy rest of valve maker NelesJul 2, 2021
- valve-world.netValmet and Neles agree to merge - Valve WorldJul 25, 2021
- compasslexecon.comCompass Lexecon advises in Global Valmet/Neles… | Compass LexeconApr 12, 2022
Summarized from public sources; check the original articles before acting on it.
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