Displaying items by tag: Metso Outotec

UK: Finland-based Metso Outotec has awarded a contract to Duo Group to provide distribution services for its British aggregates equipment and services business. Under the terms of the contract, Duo Group will deliver the supplier’s products and provide technical support to its quarry customers in England, Scotland and Wales. Metso Outotec presently provides both services itself. The contract will enter force in September 2021.

Distribution management senior vice president Olli-Pekka Oksanen said “We are very pleased to announce the partnership with Duo. The partnership expands our distribution model to include the larger aggregates quarrying customers in the UK. With Duo’s local presence and world class know-how, we will improve our ability to offer more comprehensive aggregate solutions and aftermarket support with the agility and responsiveness appreciated by the quarrying customers.”

Finland: Metso Outotec has launched the Xtreme forged crusher head. The supplier says that this completes the portfolio for Nordberg MP800, MP1000, MP1250, HP800, and HP900 crushers. It is made of one-piece forged material, with geometrical features to assure consistent bearing loading within machine design parameters.

Crushing products senior vice president Chad Smallwood said “Metso Outotec now has a complete range of crusher heads in the portfolio and our customers can choose the level of durability based on their application and needs. The new Xtreme forged head is the most reliable crusher head in the industry. The original equipment manufacturer (OEM) design ensures optimal crushing even where equipment may be pushed beyond design limits.”

Finland: Metso and Outotec have agreed to merge Metso Minerals and Outotec to create a company specialising in process technology, equipment and services serving the minerals, metals and aggregates industries. The new company will be called Metso Outotec. Metso Flow Control will be excluded from the merger and renamed as Neles and run as a separate company. The companies comprising Metso Outotec had combined sales of around Euro3.9bn in 2018.

The merger will be implemented through a partial demerger of Metso, in which all assets and liabilities of Metso that relate to Metso Minerals will transfer to Outotec in exchange for newly-issued shares in Outotec to be delivered to Metso shareholders. Outotec shareholders will continue to own their shares in Outotec.
The transaction will be dependent on shareholder and regulatory approval. The process is expected complete in the second quarter of 2020.

The current chief executive officer (CEO) of Metso, Pekka Vauramo, will become Metso Outotec’s CEO, and the current CEO of Outotec, Markku Teräsvasara, will become the Deputy CEO of Metso Outotec. Eeva Sipilä will become the chief financial officer (CFO) and Deputy CEO of Metso Outotec. The board of Metso Outotec will include board members from both companies. It is proposed that Metso Outotec’s chairman will be Mikael Lilius and that the Vice Chairman will be Matti Alahuhta.

“Today is an exciting day as we announce the transformational combination of two great companies and simultaneously create an independent leader in flow control. The combination of Metso and Outotec is a unique opportunity to deliver significant value for our shareholders with a broad presence across minerals, metals and aggregates value chains and an even stronger platform for growth and innovation,” said Mikael Liliu.