Valmet has proposed a statutory merger between Valmet and Neles to the Board of Directors of Neles - Seite 2

Comment from Pasi Laine, President and CEO of Valmet

“Valmet and Neles share to a large extent similar customer base, have a common heritage and are supported by the long-term megatrends. We see that it would be highly beneficial for both Valmet’s and Neles’ shareholders if the two companies were combined. That would create a globally leading company with good potential for profitable growth and excellent shareholder value.

We have successfully taken Valmet forward since 2013.  Today, Valmet is a strong, continuously developing company with a solid track record in creating value to its shareholders, customers and employees. Over the past years, we have made well considered and successfully integrated acquisitions with strong strategic fit with Valmet. We see that the strategic fit between Valmet and Neles would also be excellent. The continued success of our Automation business after integration into Valmet in 2015 shows that Valmet is skilled in sustaining the key competitive advantages of the businesses combined and in nurturing them into further success.”

Invitation to conference call for analysts, investors and media
Valmet will arrange a conference call in English for analysts, investors, and media on Tuesday, September 29, 2020 at 12:30 p.m. Finnish time (EET).

Conference call participants are requested to dial in at least five minutes prior to the start of the conference, at [phone]. The participants will be asked to provide the following conference PIN: 23483623#.

The conference call can be followed through a live audiocast at
https://valmet.videosync.fi/2020-0929-audiocast.

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. [phone]
Kari Saarinen, CFO, Valmet, tel. [phone]
Anu Salonsaari-Posti, Senior Vice President, Marketing and Communications, Valmet, tel. [phone]
Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. [phone]

VALMET

Kari Saarinen
CFO

Pekka Rouhiainen
Director, Investor Relations

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet’s strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers’ processes and enhance the effective utilization of raw materials and energy.

Valmet’s net sales in 2019 were approximately EUR 3.5 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day. Valmet’s head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

Follow Valmet IR on Twitter www.twitter.com/valmetir

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