Metso Outotec updates synergy targets to be derived from the merger
Metso Outotec Corporation’s stock exchange release on August 5, 2020, at 09:05 a.m. EESTFollowing the first month of integration work, Metso Outotec has assessed and validated the synergy targets related to the combination of Metso’s Minerals business with Outotec. The timetable and scope of the cost synergies are confirmed to be more positive than originally estimated. The target is therefore raised to EUR 120 million of annual pre-tax run-rate cost synergies and the implementation will be accelerated so that the run-rate of the synergies is expected to be realized by the end of 2021.