Metso Oyj was a Finnish industrial machinery company focusing on providing technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries. On 30 June 2020, Metso's partial demerger and combination of Metso Minerals business unit and Outotec took place. Two new companies started operations 1 July 2020: Neles and Metso Outotec. History Metso was created through the merger of Valmet and in 1999. In 2013, Metso demerged into two separate companies: Metso Corporation and Valmet Corporation. 1990s Metso was created on 1 July 1999 through the merger of Valmet, a paper and board machine supplier, and Rauma, which focused on fiber technology, rock crushing and flow control solutions. In 1998 Rauma's businesses included: Timberjack forest machines Sunds Defibrator fiber technology equipment Nordberg rock crushers Neles Controls valve-control systems The new company had overlapping operations and to some extent the same customer base too. The purpose of the merger was the will to grow particularly in process technology. For a bigger company it seemed to be easier to survive better in international markets. The company's scope of business became more diversified than before and there were critics of the merger saying that easier growth would have been achieved if the two companies would have each acquired a competitor in their own core business sector. The new company had offices in 50 countries and 32,000 employees after a personnel reduction of 2,000 people, and it operated in four sectors: Paper machines Forest machines (divested in 2001) Fiber technology Rock crushing plants The name for the new company was sought in an employee contest. There were 3 suggestions for the name Metso among the total 6 500 suggestions. All the three who had suggested the name Metso received a monetary prize. Metso is the Finnish word for Wood Grouse, also known as The Western Capercaillie (Tetrao urogallus), Heather Cock or Capercaillie. Wood Grouse is found across Europe lives e.g. in Finnish pine forests. Metso's logo mimics the shape of the wings of a Wood Grouse. 2000s Sundberg and Hakala did not stay that long in Metso's management. Tor Bergman became the new President and CEO in 2001. In 2001, Metso's net sales were EUR 4.7 billion, and it had 28,500 employees. The new Metso Group was divided into three business areas: Fiber and Paper Technology Automation and Control Technology Machinery The merger of Valmet and