Valmet Oyj and Neles Corp. Push Merger to April 2022
Valmet Oyj and Neles Corp. shift completion of the merger from January 2022 to April 2022, as the regulatory review process is taking longer than estimated.
#VMAnews
Edited by Margo Ellis
Share
Valmet Oyj and Neles Corp. announced on July 2, 2021 that Valmet and Neles will merge creating a leading company with unique offering for process industries globally. The completion of the merger was expected to occur on January 1, 2022, subject to all conditions for completion being fulfilled. Due to the regulatory review processes taking longer than previously estimated, the completion of the merger is now targeted to occur on or before April 1, 2022.
The length of the regulatory review processes has been impacted by third-party statements submitted to competition authorities. More details are available here.
RELATED CONTENT
-
New Valve Stem Packing Design Makes Reducing Fugitive Emissions Easier
Fugitive emissions commonly occur in the plant environment through equipment leaks, flaring, evaporation and spills.
-
An Interview with VMA's New Board Chairman
At VMA’s 83rd Annual Meeting, Ron Warren, President and COO of Bray International Inc., was elected the board chairman of VMA for the next year.
-
ValvTechnologies and Severn Form Strategic Partnership
ValvTechnologies and Severn Glocon have reached a partnership agreement that will see collaboration between two of the world’s leading engineering and manufacturing companies specializing in innovative, high-end, severe-service valves.
 Unloading large gate valve.jpg;maxWidth=214)