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.
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Edited by Margo Ellis
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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.
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