Metso and Weir merger could be on again - Talouselama
Metso, the Finnish industrial company, could re-start merger talks again with the UK-based Weir, according to Talouselama.
The Finnish-language reported an unsourced analysis piece about the company’s prospects, saying that the company can afford acquisitions worth up to EUR 500m.
It said that Weir was interested in acquiring Metso two years ago but one of the key owners, the Finnish state, was not keen on selling the company.
The situation is now different because of new government policies. The publication said that the valuation of Weir has also lower tha previously, which means the two companies are worth around the same.
The fundamentals of the merger are still same and the fusion could still make sense but this time it would be on Metso’s conditions.
Talouselama