Metso was created in 1999 through the merger of Valmet and Rauma, two companies which manufactured both equipment (notably paper-making machines) and process control systems (measuring instruments, valves, control systems). The company decided to reorganize and split into two financially independent entities.
The first will retain the name Metso as well as the "Automation" (i.e. instrumentation and process control) and "Mining and Construction" divisions.
L’autre société portera le nom de …Valmet. The new entity takes over the Pulp and Paper and Power/Energy businesses.
Tout est prêt, l’affectation des postes et la répartition du capital ont été décidées. Les deux sociétés seront en ordre de marche à la fin de l’année.
Learn more: https://www.metso.com/