Valmet Oyj announced that its merger with Neles Corp. was completed April 1. Neles has been consolidated into Valmet.
During July 2019, Metso Flow Control was spun out of the Metso-Outotec merger and renamed Neles. Valmet and Neles announced their intentions to merge in July 2021. Neles employs 2,950 in 40 countries with sales of about EUR 611 million ($665 million) in 2021.
Valmet supplies process technologies, automation and services for the pulp, paper and energy industries. It employs more than 14,000 people worldwide with net sales of EUR 3.9 billion ($4.3 billion) in 2021.