Neles™ is now a trademark for industrial valves and valve automation in
process industries
Process manufacturing is a branch of manufacturing that is associated with formulas and manufacturing recipes, , and part of Valmet Oyj.Neles Oyj was a Finnish
publicly traded company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...
offering
flow control products and services for
process industries
Process manufacturing is a branch of manufacturing that is associated with formulas and manufacturing recipes, . Neles trademark was originally filed in 1956 by Finnish engineers Antti Nelimarkka and Eino Santasalo.
In July 2019, it was announced that
Metso Minerals
Metso Oyj was a Finnish industrial machinery company focusing on providing technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries.
On 30 June 2020, Metso's partial demerger and ...
and
Outotec
Outotec Oyj (Outokumpu Technology prior to 24 April 2007) was a Finnish company, headquartered in Espoo, aimed at providing technologies and services for the metal and mineral processing industries. In 2020 Outotec merged with Metso Minerals and ...
would merge in 2020 into a new large mineral company called
Metso Outotec
Metso Outotec Oyj is a Finnish Public company, publicly traded company that was established in 2020 when Outotec and Metso, Metso Minerals merged. The company is focusing on providing technology and services for aggregates, minerals processing an ...
. At the same time, the remaining Metso was transformed into Neles.
Company started operations on July 1, 2020.
Valmet
Valmet Oyj is a Finnish company and a developer and supplier of technologies, automation systems and services for the pulp (paper), pulp, paper and energy industry, energy industries.
Valmet has over 200 years of history as an industrial oper ...
acquired 14.9 percent of Neles’ shares on July 1, 2020. On 13 July 2020, the Swedish company
Alfa Laval
Alfa Laval AB is a Sweden, Swedish corporation, company, founded in 1883 by Gustaf de Laval and :sv:Oscar Lamm, Oscar Lamm. The company, which started in providing centrifugal separation solutions for dairy (see Separator (milk)), now deals in th ...
made a two billion dollar takeover bid for Neles. Valmet announced that it will not support Alfa Laval's takeover bid in July 2020 and increased its holdings in Neles in August 2020.
Alfa Laval launched a public cash tender offer for all Neles shares on August 13, 2020.
Valmet Oyj and Neles announced on July 2, 2021 that the Boards of Directors of
Valmet
Valmet Oyj is a Finnish company and a developer and supplier of technologies, automation systems and services for the pulp (paper), pulp, paper and energy industry, energy industries.
Valmet has over 200 years of history as an industrial oper ...
and Neles have agreed to combine. The Finnish Financial Supervisory Authority approved the merger on September 2, 2021. Alfa Laval completed the sale of all its remaining shares in Neles on 14 January 2022.
In July 2021, the merger of Neles with Valmet was announced, and this took place on April 1, 2022.
References
External links
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Engineering companies of Finland
Manufacturing companies based in Helsinki
Manufacturing companies established in 2020
2020 establishments in Finland
Finnish brands
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