Neste’s board of directors has approved a merger plan where the company’s wholly-owned subsidiary Neste Engineering Solutions will be merged into Neste Corporation.
The merger took place on 30 September and it will only affect the Finnish operations.
The entire personnel, approximately 750 professionals, will transfer to Neste Corporation.
Contractual rights and obligations of Neste Engineering Solutions will transfer to Neste Corporation upon completion of the merger.
Neste Engineering Solutions offers high quality technology and engineering services, including among others engineering, procurement and project management services for the oil and gas, petrochemicals and bio based industries.
Neste Engineering Solutions operates in Finland as well as in Singapore and in the Netherlands.
In the next couple of months, Neste will further assess whether it is beneficial and feasible to also combine Neste Engineering Solutions’ businesses with Neste in the Netherlands and Singapore.