Merger of Neles and Valmet was completed on April 1, 2022.

Together we create a leading company with a unique offering for process industries globally

The merger of Neles and Valmet was completed on April 1, 2022 and going forward, Neles' business operations continue as the Flow Control Business Line within Valmet. On this site you'll find key material related to the merger process.

Neles’ EGM was held on Wednesday, September 22

The General Meeting approved the merger of Neles and Valmet and authorized the Board of Directors to resolve on an extra distribution of funds.
Read more about EGM

  • The Boards of Directors of Valmet Oyj and Neles Corporation have on July 2, 2021, signed a combination agreement and a merger plan to combine the two companies through a merger.
  • The Extraordinary General Meetings of Valmet and Neles resolved to approve the merger on September 22, 2021.
  • The combined 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.
  • The proposed combination will be implemented as a statutory absorption merger whereby Neles will be merged into Valmet. The name of the combined company will be Valmet Oyj.
  • Upon completion, Neles’ shareholders (excluding Valmet as well as Neles with respect to treasury shares held by Neles) will receive as merger consideration 0.3277 new shares in Valmet for each share they hold in Neles on the record date whereby, based on the current number of shares issued, Neles shareholders (excluding Valmet as well as Neles with respect to treasury shares held by Neles) would own approximately 18.8 percent of the shares and votes of the combined company, and Valmet shareholders would own approximately 81.2 percent of the shares and votes of the combined company.
  • The execution of the merger is still subject to, inter alia, obtaining necessary merger control approvals by the relevant competition authorities. The completion of the merger is now targeted to occur on or before April 1, 2022. The planned Effective Date may change, and the actual Effective Date may be earlier or later than the above-mentioned date.

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News

Merger of Neles Corporation and Valmet Oyj will be completed; Valmet’s listing application has been approved and trading in the new shares will commence on April 1, 2022

Neles Corporation's stock exchange release on March 31, 2022 at 2 p.m. EEST

The Finnish Financial Supervisory Authority has approved a supplement to the merger prospectus concerning the combination of Neles Corporation and Valmet Oyj

Neles Corporation's stock exchange release on March 28, 2022 at 1.00  p.m. EEST

Neles' Board of Directors decided on an extra distribution in accordance with the combination agreement between Neles and Valmet

Neles Corporation's stock exchange release on March 22, 2022 at 7.45 p.m. EET

Neles Corporation and Valmet Oyj have resolved on the completion of the merger conditional on the extra distribution of funds of Neles and entered into a loan agreement concerning such distribution

Neles Corporation's stock exchange release, March 22, 2022 at 7.15 p.m. EET

Neles Corporation and Valmet Oyj have received all competition approvals for the merger of Neles into Valmet - completion expected to take place on April 1, 2022

Neles Corporation's stock exchange release on March 21, 2022 at 2.45 p.m. EET

The Finnish Financial Supervisory Authority has approved a supplement to the merger prospectus concerning the combination of Neles Corporation and Valmet Oyj

Neles Corporation's stock exchange release on March 3, 2022 at 2 p.m. EET

The Finnish Financial Supervisory Authority has approved a supplement to the merger prospectus concerning the combination of Neles Corporation and Valmet Oyj

Neles Corporation's stock exchange release on February 9, 2022 at 2.00 p.m. EET

Neles Corporation and Valmet Oyj target for completion of the merger on or before April 1, 2022

Neles Corporation's stock exchange release, November 5, 2021, at 3:15 p.m. EET

The Finnish Financial Supervisory Authority has approved a supplement to the merger prospectus concerning the combination of Neles Corporation and Valmet Oyj

Neles Corporation's stock exchange release, 29 October 2021 at 2:30 p.m. EET

Neles Corporation's extraordinary general meeting has approved the merger of Neles and Valmet and authorized the board to resolve on the distribution of funds

Neles Corporation Stock Exchange Release 22 September 2021 at 11:40 a.m. EEST

The Finnish Supervisory Authority has approved the merger prospectus concerning the combination of Neles Corporation and Valmet Oyj

Neles Corporation's stock exchange release, 2 September 2021 at 12:00 p.m. (EEST)

Valmet and Neles to merge creating a leading company with a unique offering for process industries globally

Neles Corporation stock exchange release (inside information) July 2, 2021 at 8:50 a.m. (EEST)

These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase the securities described in such materials in the United States. In particular, any securities referred to in these materials have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”), or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of securities in the United States.

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