Bli medlem
Bli medlem

Du är här


Valmet Corporation: Valmet has completed the acquisition of Process Automation Systems

Valmet Corporation's stock exchange release on April 1, 2015 at 12:00 noon EET

Valmet has completed the acquisition of Process Automation Systems business
from Metso, announced on January 15, 2015. Valmet has received the necessary
approvals from the competition authorities. The enterprise value of the
acquisition is EUR 340 million, and it is financed with committed long-term

Automation is Valmet's fourth business line

According to Valmet's new organizational structure, the acquired business
forms Valmet's fourth business line, Automation. Valmet will continue to
report its financial results as one segment, and Automation business line
will be included in reporting starting from April-June 2015 Interim Review.
Orders received, net sales and personnel will be reported for all business
lines and areas. Mr. Sakari Ruotsalainen, M.Sc in Engineering, has been
appointed President of Automation business line.

Guidance remains unchanged

The completion of the acquisition of Process Automation Systems has no effect
on Valmet's guidance for 2015, which was given on February 6, 2015. Valmet
estimates that, including the acquisition of Process Automation Systems, net
sales in 2015 will increase in comparison with 2014 (EUR 2,473 million) and
EBITA before non-recurring items in 2015 will increase in comparison with
2014 (EUR 106 million).

Pasi Laine, President and CEO of Valmet: Valmet is a unique combination of
technology, process know-how and automation

"The acquisition was completed according to our plan, and we welcome
approximately 1,600 new colleagues to Valmet. We are now a technology and
service company with full automation offering. The unique combination of
Valmet's technology, process know-how and automation offers good
possibilities to move our customers' performance forward and serve our
customers even better," says Pasi Laine, President and CEO of Valmet.

Further information, please contact:

Hanna-Maria Heikkinen, VP, Investor Relations, Valmet, tel. +358 10 672 0007


Markku Honkasalo

Hanna-Maria Heikkinen
VP, Investor Relations

Valmet is the leading global developer and supplier of technologies,
automation and services for the pulp, paper and energy industries. Valmet's
vision is to become the global champion in serving its customers.

Valmet's services cover everything from maintenance outsourcing to mill and
plant improvements and spare parts. The strong technology offering includes
pulp mills, tissue, board and paper production lines, as well as power plants
for bio-energy production. Valmet's advanced automation solutions range from
single measurements to mill wide turnkey automation projects.

Valmet's net sales in 2014 were approximately EUR 2.5 billion. Our 12,000
professionals around the world work close to our customers and are committed
to moving our customers' performance forward - every day. Valmet's head
office is in Espoo, Finland and its shares are listed on the NASDAQ OMX
Helsinki Ltd.

Read more,

Follow Valmet IR in


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valmet Corporation via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.