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Acquisitions and disposals

Valmet's most significant acquisitions and disposals are presented below.

Year

 

Business

 

Country

 

Size

 

Value of the transaction

 

2015
Acquisition

Tissue rewinder business 

from Massimiliano Corsini srl. 

Italy

Annual revenue:
EUR 10 million

Personnel: 33

Not disclosed

2015
Acquisition

Process Automation Systems business 

from Metso

Finland

Annual revenue:
EUR 300 million

Personnel: 1,600

Enterprise value: EUR 340 million

2014
Disposal

MW Power Oy 

Small scale heating plant business and related services operations

Finland, Russia

Annual revenue:
Around EUR 20 million

Personnel: 72

Not disclosed

2014
Disposal

MW Power AB

Small scale heating plant business

Sweden

Annual revenue:
EUR 7 million

Personnel: 42

Not disclosed

2013
Acquisition

EPT Engineering

Design, detail engineering and value added services

India

Annual revenue: -

Personnel: 90

Not disclosed

2013
Disposal

Metso ND Engineering

Manufacturing workshop

South Africa

Annual revenue: -

Personnel: 250

Not disclosed

2013
Disposal

Metso Husum AB Repair and maintenance services Sweden

Annual revenue:
EUR 1.5 million

Personnel: 12

Not disclosed

2011
Acquisition

Fabco Inc.

Manufacturing filtration components for paper and pulp industry

United States

Annual revenue: -

Personnel: 20

Less than EUR 2 million

2010
Acquisition

Wyesco of Louisiana L.L.C.

Maintenance business

United States

Annual revenue: -

Personnel: 30

EUR 3 million

2009
Disposal

Metso Paper Turku Works Oy

Air systems for the pulp and paper industry

Finland

Annual revenue: -

Personnel: 91

Not disclosed

2009
Acquisition

Tamfelt

Fabrics

Finland

Annual revenue:
EUR 165 million

Personnel: 1,350

EUR 215 million*
*Metso Financial Statements Review 2010, page 25

2008
Disposal

Metso Foundries Karlstad AB 

Foundry

Sweden

Annual revenue:
EUR 20 million

Personnel: 120

EUR 15 million

2008
Acquisition

Mitsubishi Heavy Industries'

 Paper machinery technology

Japan

Annual revenue: -

Personnel: -

Not disclosed

2008
Acquisition

LignoBoost 

Lignin technology

Sweden

Annual revenue: -

Personnel:-

Not disclosed

2007
Acquisition

Bender

Mill and roll maintenance

England

Annual revenue:
Approximately EUR 24 million

Personnel: 97

EUR 16 million, net of cash acquired

2007
Acquisition

Mecanique Depannage Industriels

Maintenance services for paper industry

France

Annual revenue: -

Personnel:30

Less than EUR 1 million

2006
Acquisition

Aker Kvaerner's

Pulping and Power businesses

Sweden

Annual revenue:
EUR 600 million*

Personnel: 2,100*

About EUR 335 million*
*Metso Financial Statements Review 2006, page 6.

2006
Acquisition

Shanghai-Chenming Paper Machinery Co. Ltd 

A workshop, a foundry and a design department

China

Annual revenue:
EUR 13 million

Personnel: 630

EUR 35 million*
*Stock exchange release

2002
Acquisition

Scandinavian Mill Service 

Paper industry service and maintenance operations

Finland

Annual revenue:
EUR 5.3 million

Personnel: 140

Not disclosed
Updated; Sep 2, 2015