Latest News. and Outotec are merging to create a "leading company in process technology, equipment and services" for the minerals, metals and aggregates industries. The combined company

The first public showing from executives of the new Outotec has highlighted just how big the new group will be within the mineral processing ecosystem. Circa-15,000 employees, some 5,000 service representatives, around €4.2 billion ($4.7 billion) of sales in the stats are impressive. The minerals sector dominates within this

The initial synergy targets, published in July , were EUR 100 million of run rate pre-tax cost synergies and EUR 150 million additional revenue synergies. Both targets were initially expected to materialize in three years after the merger has completed. In addition to the synergies, Outotec will continue with temporary savings

Attachment: Outotec sector 0719 Minerals, a subsidiary of , will merge with Outotec to form a process-technology and equipment company. and Outotec are involved in numerous projects servicing the Metals & Minerals Industry. The deal is expected to close by the second quarter of 2020. Login to Read More

Finland-based equipment maker Corp.'s board of directors and Finland-based Outotec Oyj have announced that the combination of 's Minerals business and Outotec is completed. Outotec is a designer and builder of minerals processing and metals refining systems. The companies announced a demerger plan and combination agreement in July 2019.

Following the first month of integration work, Outotec has assessed and validated the synergy targets related to the combination of 's Minerals business with Outotec. The timetable and scope of the cost synergies are confirmed to be more positive than originally estimated.

The merger covers six business areas including minerals, aggregates, metals recycling, services and consumables. Outotec will also provide a full offering "from ore to metal" for minerals processing, which involves equipment and full plant solutions.

As of June 25, , Carita Himberg has been appointed senior Vice president, Human Resources and a member of the future Outotec executive team. Outotec's headquarters will be in Helsinki, Finland and it will maintain its listing on Nasdaq Helsinki. The combination agreement may be terminated by mutual written consent.

5/14 · Outotec and expect the completion of the merger on 30 June this year, subject to approval by other required regulatory authorities, including clearances from certain competitors. Upon completion of the merger, the new company will have 15,600 employees, and an illustrative combined sales and adjusted EBITA of €3.9bn ($4.21bn).

the nominations will become effective after the closing of the partial demerger of and the combination of 's minerals business and outotec, which is currently expected to take place on june 30, , subject to receipt of all required regulatory and other approvals, including competition clearances - which the companies made

5/12 · The combination of Minerals and Outotec was conditionally approved by the Competition Commission of India (CCI) in June , subject to the transfer of legacy ’s straight grate iron ore pelletising capital equipment business by Outotec in India to a suitable buyer through a technology licensing arrangement.