Gleiss Lutz has advised Finland’s Metso Corporation on the sale of parts of its metals business to SMS group. The transaction is expected to close in the first quarter of 2026, subject to the customary regulatory approvals. The transaction includes agglomeration and calcination technologies formerly owned by Metso’s Outotec brand. 180 employees in Germany, India, China and other regions will become part of SMS group. The parties have agreed not to disclose the purchase price.
Metso is headquartered in Espoo, Finland and is a frontrunner in aggregates, minerals processing and metals refining technologies and services. The Nasdaq Helsinki-listed company employs over 17,000 people in almost 50 countries and recorded sales of around EUR 5.4 billion in 2023.
SMS group is a global, family-owned company headquartered in Germany. It will integrate Metso’s sustainable minerals and metals processing business to drive the decarbonisation of the steel industry.
The following Gleiss Lutz team advised Metso: Dr. Andreas Löhdefink (partner), Dr. Christoph Auchter (counsel), Kevin Löffler (all lead), Lukas Schulze-Hagen (all M&A, Frankfurt), Dr. Alexander Molle (partner), Jan Felix Hinrichs (both Berlin), Dr. Sebastian Girschick (Munich, all IP/Tech), Dr. Ocka Stumm (partner), Dr. Markus Günther, Dr. Johannes Heck (all Tax, Frankfurt), Dr. Jacob von Andreae (partner, Düsseldorf), Dr. Marc Ruttloff (partner, Stuttgart), Aylin Hoffs (counsel), Matthias Hahn, Vivien Etzkorn (all Düsseldorf, all Public Law), Dr. Thomas Winzer (partner), Dr. Tobias Abend (counsel), Stefan Schaaf, Henrike Westphal (all Employment, Frankfurt), Dr. Alexander Fritzsche (partner), Dr. Birgit Colbus (counsel), Dr. Juliane Langguth (all Competition/Antitrust, Frankfurt), Dr. Manuel Klar (counsel, Munich), Simon Wegmann (Berlin, both Data Protection), Dr. Katja Lehr (counsel, Banking & Finance, Frankfurt), Dr. Simon Wagner (counsel, Stuttgart), Dr. Florian Wagner (counsel, Frankfurt), Florian Schuler (Stuttgart, all Dispute Resolution), Maximilian Leisenheimer, Michael P. Clever (both Real Estate, Frankfurt).
Hannes Snellman advised on Finnish law, Zhong Lun on Chinese law, Trilegal on Indian law and Gilbert + Tobin on Australian law.
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