Recent work | July 7, 2021

Roschier represents Neles in the merger with Valmet

Finnish listed corporations Valmet Oyj and Neles Corporation have signed a combination agreement and a merger plan to combine the two companies. Valmet currently owns 29.57 percent of the outstanding shares of Neles. Roschier advises Neles in the merger.

The proposed combination of Valmet and Neles will be executed through a statutory absorption merger pursuant to the Finnish Companies Act whereby Neles will be merged into Valmet and Neles shareholders will receive new shares in Valmet as merger consideration. The combined company will continue to be listed on Nasdaq Helsinki.

The combined company will be a leading company with a unique offering for process industries globally, with illustrative combined net sales for 2020 of approximately EUR 4.3 billion. In addition, it will have a globally balanced expert organization of approximately 17,000 professionals.

The completion of the merger is expected to occur on or about January 1, 2022, subject to all conditions for completion being fulfilled.

Roschier’s core advisory team comprises Antti Ihamuotila, Seppo Kymäläinen, Jaakko Laitinen, Mia Mokkila, Jan-Anders Wik, Robert Holmberg, Santeri Naukkarinen and Sabina Hautaviita (M&A and Corporate Advisory), Mika Ohtonen and Andreas Bussman (Tax), Ami Paanajärvi (Competition), Jonne Järvi and Juhani Lautjärvi (Finance).