Valmet recently signed an agreement to acquire Metso’s Process Automation Systems business for EUR 340 million.
The acquisition is expected to strengthen Valmet’s competitiveness by combining paper, pulp and power plant technology offering, services, process know-how and automation into one customer value-adding entity.
"Through the acquisition of Process Automation Systems, Valmet will become a technology and service company with full automation offering. The acquisition will help Valmet in increasing its business stability, while also improving profitability,” said, Pasi Laine, President and CEO, Valmet.
The Process Automation Systems business supply process automation and information management systems and related applications and services to the pulp, paper, energy and other process industries.
The acquisition is subject to approval by the competition authorities and is expected to be completed by 01 April 2015.
