Metso Corporation’s press release on May 27, 2020 at 12:30 p.m. EEST
Neles, which is to become an independent listed company upon the partial demerger of Metso, is assuming a new corporate brand and visual identity. The new identity will be fully adopted at the completion of the transaction when Neles starts its independent business operations. The completion of the transaction is expected to take place on June 30, 2020.
Neles’ corporate logo – a bold Neles wordmark in the company’s signature blue – signifies a customer-focused, ambitious and forward-looking company with reliability as its key fundamental. The name of the new company – Neles Corporation – was announced in July 2019.
“Within the industry, the name Neles symbolizes high-quality products and expertise. This is a solid foundation to build on as we now start moving forward as an independent company globally,” says Olli Isotalo, President and CEO of the future Neles.
Neles’ customer promise is ‘Reinventing reliability’
Neles’ corporate identity illustrates the company’s vision and values. Neles is committed to providing market-leading expertise, products and services to create the most value to customers. At the very core of Neles’ existence is the company’s vision to become a leading diversified valve and valve automation company reinventing reliability in flow control.
“For our customers, reliability is everything – and reliability has always been at the core of the valves and technologies we make. But as businesses and requirements evolve and diversify, reliability must mean so much more. Therefore, our customer promise is ‘Reinventing reliability’. This means we’re serving our customers throughout their investment and operations life cycle and bringing certainty to things working at their best today and tomorrow.”
“We have a culture that is driven by understanding our customers’ businesses and needs and getting things done. We focus on always striving for better results and sharing our knowledge as one strong global team. These are the core values we build on, and we are committed to the future success of Neles, its owners and customers,” Isotalo concludes.
In preparation for the partial demerger of Metso, the future Neles is gradually assuming its new identity. For a preview and more information, please visit Metso’s website.
About future Neles Corporation
The future Neles Corporation is a well-known flow control solutions and services provider to the oil and gas refining, pulp, paper and bioproducts industries, chemicals and other process industries. Neles employs about 2,900 people and has operations in approx. 40 countries. Neles’ sales for full-year 2019 were EUR 660 million and operating profit was EUR 93 million.
Neles Corporation is planned to be created in the partial demerger of Metso, in which Metso’s Flow Control business would become the independent Neles Corporation and would continue Metso’s listing on Nasdaq Helsinki. Simultaneously, Metso’s Minerals Business would combine with Outotec to create Metso Outotec.
The completion of the transaction is currently expected to take place on June 30, 2020, subject to the receipt of all required regulatory and other approvals, including competition clearances. The Extraordinary General Meetings of both Metso and Outotec approved the transaction on October 29, 2019.
Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. With our unique knowledge and innovative solutions, we help our customers improve their operational efficiency, reduce risks and increase profitability. Metso is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 3.6 billion in 2019. Metso employs over 15,000 people in more than 50 countries. metso.com, twitter.com/metsogroup
For more information, please contact:
Kaisa Voutilainen, Head of Communications and Marketing, future Neles Corporation, Tel. +358 400 188414, E-mail: email@example.com