Metso Corporation, a Finnish industrial company, was formed in 1990 via the merger of Rauma-Repola and Valmet, becoming a global leader in mining, aggregates, and flow control. Its history includes significant acquisitions, divestitures, and a 2020 split into Metso Outotec and Neles, with subsequent rebranding to Metso in 2023.
Chronological Storyline (32 Milestones)
Jul 1, 1990 CE
Merger of Rauma-Repola and Valmet creates Metso
Rauma-Repola and Valmet merge to form Metso Corporation, focusing on mining, paper, and automation. #corporatemerger #history
Merger of Rauma-Repola and Valmet creates Metso By Antti Leppänen - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=11417842
1991 CE
Metso listed on Helsinki Stock Exchange
Metso shares begin trading on the Helsinki Stock Exchange (now Nasdaq Helsinki), providing public market access. #finance #ipo
1992 CE
Metso acquires Neles and Jamesbury
Metso strengthens its flow control business by acquiring Neles and Jamesbury, becoming a key player in valve technology. #acquisition #engineering
1993 CE
Metso divests its power generation business
Metso sells its power generation operations to focus on core areas: paper, mining, and automation. #divestiture #strategy
1995 CE
Metso acquires Sunds Defibrator
Metso acquires Sunds Defibrator, enhancing its fiber processing technology for the paper industry. #acquisition #papermaking
1997 CE
Metso acquires Beloit Corporation's pulp and paper division
Metso purchases Beloit's fiber processing business, expanding its paper technology capabilities globally. #acquisition #pulpandpaper
1998 CE
Metso acquires Svedala Industri AB
Metso acquires Svedala, a Swedish mining and construction equipment manufacturer, for €1.2 billion. #acquisition #mining
2000 CE
Metso reorganizes into three business areas
Metso restructures into Metso Paper, Metso Minerals, and Metso Automation to sharpen focus. #reorganization #strategy
2001 CE
Metso completes Svedala acquisition
The acquisition of Svedala closes, making Metso a top global supplier to the mining industry. #acquisition #mining
2002 CE
Metso divests Metso Panelboard
Metso sells its panelboard business as part of portfolio optimization. #divestiture #restructuring
Dec 1, 2003 CE
Metso acquires Valmet's paper machine roll business
Metso buys Valmet's roll business to strengthen its paper technology service offerings. #acquisition #papermaking
2004 CE
Metso launches new generation of mining crushers
Metso introduces the Nordberg GP series cone crushers, enhancing efficiency in mineral processing. #innovation #mining
2006 CE
Metso acquires US-based Conveyor Dynamics
Metso expands its bulk materials handling capabilities by acquiring Conveyor Dynamics. #acquisition #mining
2007 CE
Metso's net sales exceed €6 billion
Metso reports record net sales of €6.2 billion, driven by strong mining demand. #financialperformance #revenue
2008 CE
Metso acquires Finnish automation company Neles
Metso buys Neles, enhancing its automation and flow control business. #acquisition #automation
2009 CE
Metso divests Metso Mining Systems to Sandvik
Metso sells its mining systems business to Sandvik for €60 million. #divestiture #mining
2010 CE
Metso acquires Swedish automation company Luftech
Metso expands its automation portfolio with the acquisition of Luftech. #acquisition #automation
2011 CE
Metso introduces the HRC™ high-pressure grinding roll
Metso launches the HRC™ HPGR, a breakthrough in energy-efficient crushing. #innovation #mining
2012 CE
Metso acquires US-based Valley Rubber
Metso strengthens its wear parts business with the acquisition of Valley Rubber. #acquisition #mining
Jun 1, 2013 CE
Metso sells Metso Paper (pulp and paper) to Valmet
Metso divests its pulp, paper, and power businesses to Valmet for €3.2 billion, focusing on mining and automation. #divestiture #papremaking
2014 CE
Metso completes divestiture of Metso Automation to Valmet
Metso sells its automation business to Valmet, completing the exit from pulp and paper. #divestiture #automation
2015 CE
Metso acquires US-based McLanahan Corporation's crusher business
Metso expands its aggregates equipment portfolio with the acquisition of McLanahan's crusher line. #acquisition #aggregates
2016 CE
Metso introduces the Lokotrack® LT200 mobile cone crusher
Metso launches the innovative Lokotrack LT200, enhancing mobile crushing. #innovation #construction
2017 CE
Metso acquires Dutch valve maker Valvitalia's industrial valve business
Metso strengthens its flow control division with the acquisition of Valvitalia. #acquisition #valves
Nov 1, 2018 CE
Metso announces plan to split into two companies
Metso announces its intention to separate into Metso Minerals (mining and aggregates) and Metso Flow Control (valves). #restructuring #spinoff
Jun 28, 2019 CE
Metso completes acquisition of Outotec
Metso merges its minerals business with Outotec to form Metso Outotec, a leading mining and metals processing company. #merger #mining
Jan 1, 2020 CE
Metso split: Metso Outotec and Neles begin operations
Metso officially splits into Metso Outotec (minerals and metals) and Neles (flow control), listed separately on Nasdaq Helsinki. #spinoff #corporaterestructuring
2021 CE
Metso Outotec acquires US-based Megatux
Metso Outotec expands its grinding mill liner business with Megatux acquisition. #acquisition #mining
2022 CE
Metso Outotec launches the Planet Positive sustainability portfolio
Metso Outotec introduces a range of sustainable technologies for mining and metals. #sustainability #innovation
May 16, 2023 CE
Metso Outotec rebrands to Metso
Metso Outotec changes its name back to Metso, unifying its brand identity after the split. #rebranding #corporatename
2024 CE
Metso acquires Finnish automation company Specorp
Metso strengthens its automation capabilities with the acquisition of Specorp. #acquisition #automation
2025 CE
Metso reports record order intake of €5.5 billion
Metso achieves its highest ever order intake, driven by mining sector demand. #financialperformance #orders