Valmet and Neles Merger is Complete

With the merger between Valmet and Neles into Valmet, the new 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. In addition, it will have a globally balanced expert organization of 17,000 professionals,” according to Valmet.

Valmet President and CEO Pasi Laine commented, “We can now start our journey together as a stronger Valmet. I warmly welcome our new Flow Control business line colleagues to the team. Valmet now has a unique, even stronger offering for global process industries and a solid platform for further business growth especially in automation systems and flow control solutions.”

“From the beginning of the merger process, we have had a strong view on the excellent long-term value potential to the shareholders, the industrial logic and synergy potential,” Laine said. “With our team of 17,000 professionals around the world we will now work together in realizing these targets. I want to also thank all the people who have worked hard in the merger process and integration planning. It is also important to acknowledge that without the excellent work done in Valmet and Neles during the past years, this merger would not have been possible. We now have a good foundation to develop Valmet forward, together.”

Valmet’s Flow Control business line is a global leader in flow control solutions and services with renowned brands such as Neles, Neles Easyflow, Jamesbury, Stonel, Valvcon and Flowrox. “Our valves and valve automation technologies are known for quality, reliability and highest safety,” the company states. “Our customers operate in oil and gas refining, pulp, paper and bioproducts industry, chemicals and other process industries. With our market-leading expertise, products and services we are committed to bring your business forward.”