Metso’s Announced Merger with Outotec Brings Scale but Not a Moat
No-moat Metso’s minerals business unit and its peer Outotec announced their intention to merge, and the combined entity would become the second-largest European mining equipment firm by sales volume. Metso shareholders will receive 4.3 shares in the newly created entity for each Metso share. At the same time, Metso’s Flow Control business unit will be demerged and listed as a separate company called Neles. Both transactions are expected to close in second-quarter 2020. For the amalgamated Metso ...Metso is a global services, products and systems provider. Co. serves its customers in mining, oil and gas as well as aggregates industries. Co. serves also some other process industries, such as pulp and paper industry. Co.'s offerings to the mining industry include grinding mills, mill linings and grinding media; as well as crushers and screens. Co.'s offerings to the aggregates industry include crushers; as well as screens, feeders and conveyors. Co.'s offerings to the oil and gas industry include control valves, on-off valves; intelligent safety valves; intelligent valve controllers and limit switches; intelligent field services; spare and wear parts; as well as performance services.
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