# Neles

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**Neles Oyj** was a Finnish [publicly traded company](/source/Public_company) offering [flow control](/source/Flow_control_(fluid)) products and services for [process industries](/source/Process_manufacturing). The Neles trademark was originally filed in 1956 by Finnish engineers Antti Nelimarkka and Eino Santasalo.[2] In July 2019, it was announced that [Metso Minerals](/source/Metso) and [Outotec](/source/Outotec) would merge in 2020 into a new large mineral company called [Metso Outotec](/source/Metso_Outotec). At the same time, the remaining Metso was transformed into Neles.[3] The company started operations on 1 July 2020.[3]

[Valmet](/source/Valmet) acquired 14.9 percent of Neles' shares on 1 July 2020.[4] On 13 July 2020, the Swedish company [Alfa Laval](/source/Alfa_Laval) made a two billion dollar takeover bid for Neles.[5][6] Valmet announced that it will not support Alfa Laval's takeover bid in July 2020[7] and increased its holdings in Neles in August 2020.[8]

Alfa Laval launched a public cash tender offer for all Neles shares on 13 August 2020.[9] Valmet and Neles announced on 2 July 2021 that the Boards of Directors of Valmet and Neles have agreed to combine. The [Finnish Financial Supervisory Authority](/source/Finnish_Financial_Supervisory_Authority) approved the merger on 2 September 2021.[10] Alfa Laval completed the sale of all its remaining shares in Neles on 14 January 2022.[citation needed]

In July 2021, the merger of Neles with Valmet[11] was announced, and this took place on 1 April 2022.[12] Neles is now a trademark for industrial valves and valve automation in [process industries](/source/Process_manufacturing), and part of Valmet.[12]

## References

1. ["Neles facts"](https://www.neles.com/company/). *Neles*. Retrieved 5 February 2021.

1. ["Neles journey"](https://www.neles.com/company/journey/). *Neles.com*. Retrieved 22 June 2021.

1. ["Metso Corporation's partial demerger has been registered"](https://www.neles.com/company/media/news/2020/6/metso-corporations-partial-demerger-has-been-registered/). *Neles.com*. Retrieved 13 August 2020.

1. ["Valmet acquires 14.9% ownership in the future Neles"](https://www.arvopaperi.fi/porssitiedotteet/valmet-acquires-149-ownership-in-the-future-neles/0da1059a-5f98-4a24-b6e7-96e90d6b8915) (in Finnish). *[Arvopaperi](/source/Arvopaperi)*. Retrieved 15 August 2020.

1. ["Alfa Laval makes $2 billion bid for Finland's Neles, biggest owner sceptical"](https://www.reuters.com/article/us-neles-m-a-alfa-laval/alfa-laval-makes-2-billion-bid-for-finlands-neles-biggest-owner-sceptical-idUSKCN24E1BC). *[Reuters](/source/Reuters)*. Retrieved 21 August 2020.

1. ["Ruotsalainen Alfa Laval ostamassa Metso Outotecin ulkopuolelle jääneen Nelesin – kauppahinta miljardiluokassa"](https://yle.fi/uutiset/3-11445479) (in Finnish). *[Yle](/source/Yle)*. Retrieved 15 August 2020.

1. ["Valmetin toimitusjohtaja: Emme tue Alfa Lavalin tarjousta"](https://www.is.fi/taloussanomat/art-2000006570202.html) (in Finnish). *[Taloussanomat](/source/Taloussanomat)*. Retrieved 15 August 2020.

1. ["Valmet kasvatti jälleen omistustaan Neleksessä"](https://www.kauppalehti.fi/uutiset/valmet-kasvatti-jalleen-omistustaan-neleksessa/554a36e0-4350-4dfe-ba8a-9a342456115e) (in Finnish). *[Kauppalehti](/source/Kauppalehti)*. Retrieved 15 August 2020.

1. ["Alfa Laval commences the recommended public cash tender offer for all shares in Neles on 13 August 2020"](https://www.alfalaval.com/media/news/investors/2020/alfa-laval-commences-the-recommended-public-cash-tender-offer-for-all-shares-in-neles-on-13-august-2020/). *Alfa Laval*. Retrieved 13 August 2020.

1. ["The Finnish Supervisory Authority has approved the merger prospectus concerning the combination of Valmet Oyj and Neles Corporation"](https://finance.yahoo.com/news/finnish-supervisory-authority-approved-merger-095500446.html). *Finance.yahoo.com*. 2021-09-02. Retrieved 2021-01-01.

1. ["Valmet and Neles to merge creating a leading company with a unique offering for process industries globally"](https://www.valmet.com/media/news/neles-news-archive/valmet-and-neles-to-merge-creating-a-leading-company-with-a-unique-offering-for-process-industries-globally/). *[Valmet](/source/Valmet)*. Retrieved 11 November 2022.

1. ["Merger of Valmet Oyj and Neles Corporation has been registered and the combination of Valmet's and Neles' business operations has been completed"](https://www.valmet.com/media/news/stock-exchange-releases/2022/merger-of-valmet-oyj-and-neles-corporation-has-been-registered-and-the-combination-of-valmets-and-neles-business-operations-has-been-completed/). *[Valmet](/source/Valmet)*. Retrieved 11 November 2022.

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Adapted from the Wikipedia article [Neles](https://en.wikipedia.org/wiki/Neles) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Neles?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.