Metso Outotec completes merger clearance process in India

Metso Outotec Corporation’s press release on May 11, 2021, at 09:00 a.m. EEST

The combination of Metso Minerals and Outotec was conditionally approved by the Competition Commission of India (CCI) in June 2020, subject to the transfer of legacy Metso’s straight grate iron ore pelletizing capital equipment business by Metso Outotec in India to a suitable buyer through a technology licensing arrangement.

This condition has now been satisfied, as Metso Outotec has, with the approval of the CCI, licensed the relevant technology to Primetals Technologies, a joint venture of Mitsubishi Heavy Industries and partners, and a provider of metallurgical plant equipment and services with a significant presence in India.

For further information, please contact:

Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, Tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. 

Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets. We ranked 8th on the 2021 Global 100 list of the world’s most sustainable companies. 

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2020 were about EUR 3.9 billion. The company is listed on the Nasdaq Helsinki.mogroup.com, twitter.com/metsooutotec