Neles new corporate identity reflects its vision and values
Vantaa, Finland - Neles, which is to become an independent listed company upon the partial demerger of Metso, is assuming a new corporate brand and visual identity.
The future Neles Corporation is a well-known flow control solutions and services provider to the oil and gas refining, pulp, paper and bio-products industries, chemicals and other process industries. Neles employs about 2,900 people and has operations in approx. 40 countries. Neles’ sales for full-year 2019 were EUR 660 million and operating profit was EUR 93 million.
Neles Corporation is planned to be created in the partial demerger of Metso, in which Metso’s Flow Control business would become the independent Neles Corporation and would continue Metso’s listing on Nasdaq Helsinki. Simultaneously, Metso’s Minerals Business would combine with Outotec to create Metso Outotec.
The completion of the transaction was slated to occur June 30, 2020, subject to the receipt of all required regulatory and other approvals, including competition clearances. The extraordinary general meetings of both Metso and Outotec approved the transaction on October 29, 2019.
The new identity will be fully adopted at the completion of the transaction when Neles starts its independent business operations.
Neles’ corporate logo – a bold Neles word-mark in the company’s signature blue – signifies a customer-focused, ambitious and forward-looking company with reliability as its key fundamental. The name of the new company – Neles Corporation – was announced in July 2019.