Merger of Valmet and Neles

Solidium Oy

Posted on

2 Jul

2021

Share this

Fast facts

Status:

Pending

Cross-border:

Yes

Dittmar & Indrenius > References > Merger of Valmet and Neles

We advise Solidium, the largest shareholder in Valmet, in the combination of Valmet and Neles through a statutory merger.

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries with a pre-announcement market cap of EUR 5.6 billion. Neles is a one of the leading providers of mission-critical flow control solutions and services for process industries with a pre-announcement market cap of EUR 1.8 billion. Both companies are listed on the main list of the Nasdaq Helsinki. The combined entity’s net sales on a pro forma basis in the 2020 financial year are EUR 4.3 billion, and it will have together approximately 17,000 employees.

The combined entity is expected to have strong market positions in its respective segments including paper, board, pulp and energy technologies, flow control, automation systems and service.

The completion of the merger is subject to certain customary conditions, including the approval of the EGMs of both companies.

Solidium is a holding company wholly owned by the State of Finland and a minority owner in nationally important listed companies. Solidium is the largest shareholder in Valmet with a stake of 11.1%.

Related references

Share this