Neste’s board of directors has approved a merger plan which will see the company’s wholly owned subsidiary, Neste Engineering Solutions Oy, merged into Neste Corp.
The merger is expected to take place on September 30, 2022, and it will only affect the Finnish operations. The entire personnel, approximately 750 professionals, will transfer to Neste Corp. Contractual rights and obligations of Neste Engineering Solutions Oy will transfer to Neste Corp 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, Singapore and the Netherlands.
In the next couple of months, Neste will further assess whether it is beneficial and feasible to combine Neste Engineering Solutions’ businesses with Neste in the Netherlands and Singapore.
For more information visit www.neste.com
