Valmet Oyj and Neles Corporation have announced that their respective boards of directors have signed a combination agreement and a merger plan to combine the two companies through a merger. The combined company will be a leader with a unique offering for process industries globally with illustrative combined net sales for 2020 of approximately €4.3 billion. In addition, it will have a globally balanced expert organisation of approximately 17 000 professionals.
The new company expects to have growth potential in all current businesses and in new emerging sectors supported by favourable megatrends. It will also have enhanced growth opportunities across automation and flow control, serving a range of process industries with a strong sustainability focus. It will also benefit from broader revenue and cost synergies anchored in the strong industrial logic of combining flow control and automation systems. The combination is expected to generate annual run-rate synergies of approximately €25 million of which approximately 60% is expected to be achieved by 2023 and approximately 90% by 2024.
Valmet chairman, Mikael Mäkinen said: “The combination of Valmet and Neles will create a broad and competitive product offering for our customers and build on the excellent reputation of both of our businesses. The transaction creates a global industrial leader with a bright future beyond what we could achieve separately. Together our businesses are better positioned to drive innovation and leadership in sustainability.”
Neles Chairman, Jaakko Eskola said: “The common heritage of Valmet and Neles will allow for a smooth integration of our two companies to the benefit of shareholders, customers and employees. Neles will benefit from enhanced scale to accelerate its growth and building on the excellent work done by Neles management since the formation of Neles as an independent company in 2020.”
What to expect at Africa Automation Indaba 2026: From AI readiness to bankable automation projects RX Africa
News
Africa Automation Indaba 2026 will give delegates a practical view of what it takes to move automation from ambition to implementation with a two-day programme focused on industrial readiness, skills development, policy alignment, investment realities and the future of intelligent operations.
Read more...Elevating artisanal skills is key to revitalising South Africa’s economy ACTOM Electrical Machines
News
We need to challenge the stigma attached to artisanal and technical careers, and we also need a mindset shift supported by the schooling system so that young people understand future career pathways, choose subjects accordingly, and recognise that artisanal and technical skills carry equal value in a modern economy.
Read more...40 years of PC-based control Beckhoff Automation
News
When Beckhoff elevated the industrial computer to the status of a central control system four decades ago, a paradigm shift occurred.
Read more...From the editor's desk: A little bit of magic Technews Publishing (SA Instrumentation & Control)
News
Whatever your view is of America today, the Artemis II mission showed the world that it can still deliver moments of wonder. For a few days, the chaotic headlines gave way to something more. Who could ...
Read more...Woman of Stature Awards South Africa
News
In a powerful recognition of excellence in a traditionally male-dominated industry, Thabisile Phumo won the Woman in Mining and Engineering award at the 2026 Woman of Stature Awards South Africa.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version