Metso (2020–present)

This article is about the Finnish company founded in 2020. For the company that existed from 1999 to 2020, see Metso.

Metso Corporation (natively Metso Oyj)^[2] is a Finnish publicly traded company that was established in 2020 when Outotec and Metso Minerals merged.^[3] The company is focusing on providing technology and services for mining, aggregates, recycling and metal refining industries.^[4]

Metso Corporation

Native name	Metso Oyj
Company type	Julkinen osakeyhtiö
Traded as	Nasdaq Helsinki: METSO
Industry	Industrial machinery
Predecessor	Metso Outotec
Founded	1 July 2020; 4 years ago (2020-07-01)
Headquarters	Helsinki , Finland
Key people	Kari Stadigh (Chairman), Pekka Vauramo (President and CEO)
Products	Industrial company serving the mining, construction and recycling industries
Number of employees	15,600 (2020)[1]
Website	www.metso.com

The European Commission accepted Metso's and Outotec's merger on 13 May 2020^[5] and the company started operations on 1 July 2020.^[6]

The company changed its name from Metso Outotec to Metso in May 2023.^[7]

Organization

Metso's president and CEO Pekka Vauramo [fi] became the company's president and CEO. Mikael Lilius, former chairman of the Board of Metso, is the chairman of the board, and Matti Alahuhta, former chairman of the board of Outotec, is the deputy chairman of the board.^[8] The company employs a total of more than 15,000 people worldwide in more than 50 countries.^[9]

In February 2023, Metso Outotec board of directors announced a proposal to shareholders on company name change from Metso Outotec Corporation to Metso Corporation.^[10] The grounds for the proposal were that the post-merger integration of the two companies had been completed and that the company strategy going forward focused on a strong unified company brand. Shareholder vote on the proposal was scheduled for annual general meeting on 3 May 2023. The name was changed on 4 May 2023.^[7]

References

1. "Key facts". Metso Outotec. Retrieved 11 August 2020.
2. "Metso Oyj". Kauppalehti (in Finnish). Retrieved 16 October 2023.
3. "Metso Corporation's partial demerger has been registered – Metso Corporation and Outotec Oyj have completed the combination of Metso's Minerals business and Outotec". Metso Outotec. Retrieved 11 August 2020.
4. "Metso Outotec starts operations –partner for aggregates, minerals, metals and recycling industries". Bioenergy International. Retrieved 12 September 2020.
5. "Euroopan komissio siunasi Outotecin ja Metso Mineralsin yhdistymisen". Helsingin Sanomat (in Finnish). Retrieved 15 September 2020.
6. "Metso Outotec starts operations –partner for positive change for tomorrow's aggregates, minerals, metals and recycling industries". Metso Outotec. Retrieved 11 August 2020.
7. "Metso Outotec's name changes to Metso". metso.com. Retrieved 12 June 2023.
8. "Metso jakautuu kahtia, Metso Minerals ja Outotec yhdistyvät – Toimitusjohtaja Vauramo: Aivan varmasti henkilöstövaikutuksia tulee". Yle (in Finnish). Retrieved 15 September 2020.
9. "Juuri yhdistynyt Metso Outotec vähentää jopa 280 työntekijää Suomesta". Satakunnan Kansa (in Finnish). Retrieved 15 September 2020.
10. "Proposal on company name change to Metso Outotec's Annual General Meeting". Metso Outotec. Retrieved 8 March 2023.

External links

• Official website

• Companies portal
• Finland portal