Metso reported it and Outotec have received all regulatory approvals for their merger, which was calendared for completion on June 30.

Upon completion, Metso will be renamed as Neles Corp. and it will be a separately listed entity focused on flow control.

Separately, Outotec reported it completed divestment of certain municipal and industrial sludge incineration technologies to Küttner Martin Technology GMBH, based in Germany. The transaction was first announced in December 2019, and both parties agreed not to list its value.