“Metso has no data associated to the speculations and no associated insider venture exists,” Juha Rouhiainen, vp of investor relations mentioned within the assertion.
Hypothesis round a possible tie-up comes as Metso introduced earlier this 12 months that it could restructure its minerals equipments enterprise, main it to chop about 240 positions globally.
The deliberate measures, the corporate defined on the time, will tackle the adjustments out there setting which might be pushed by an growing emphasis on strategic minerals that help the vitality transition.
The 2 corporations have purchased one another items up to now. In 2006, Sandvik acquired Metso’s Powdermet AB division, which manufactured powder metallurgy elements by way of so-called sizzling isostatic urgent (HIP-technology) into close to internet form.
Metso and Sandvik are each main gamers within the mining and building gear business. Any potential merger or collaboration would imply a game-changer for the sector.