Mergers: EU Commission clears acquisition of Metso’s minerals business by Outotec
The European Commission has approved, under the EU Merger Regulation, the acquisition of the minerals business of Metso Oyj (“Metso Minerals”) by Outotec Oyj (“Outotec”), both of Finland.
Metso Minerals supplies products and services for the mining, aggregates and recycling industries. Outotec is active in the minerals processing, metals, energy and water and services business.
The companies’ activities overlap in the supply of capital equipment for the mining industry, including grinding, flotation, filtration and iron ore pelletizing equipment and related spare parts, wear parts and services at worldwide level.
The Commission concluded that the proposed acquisition would raise no competition concerns given the presence of large global competing suppliers of similar products and services as well as smaller specialised companies exercising a significant competitive constraint on the entity resulting from the acquisition.
The transaction was examined under the normal merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.9585.
Arianna Podesta –