Valmet strengthens its environmental systems business with two acquisitions
On June 9, 2021, Valmet entered into agreements to acquire EWK Umwelttechnik GmbH from Germany and ECP Group from Finland. The acquisitions were announced on June 10, 2021 and completed on July 1, 2021. The values of the acquisitions were not disclosed.
These acquisitions complement Valmet’s customer offering in environmental technologies and related services. After the acquisitions, Valmet’s Environmental Systems offering covers technologies and services for wet and dry flue gas cleaning, flue gas desulfurization, NOx reduction and burner systems for energy and process industries, and marine scrubbers.
EWK Umwelttechnik and ECP Group will be included in Valmet’s financial reporting for the first time in Valmet’s third quarter financial reporting 2021.
EWK Umwelttechnik
EWK Umwelttechnik manufactures and supplies air emission control systems and after-installation services. The company is based in Kaiserslautern, Germany. EWK Umwelttechnik’s offering of emission control technologies includes electrostatic precipitators, wet absorbers, catalytic and heat recovery systems, and wastewater purification products. The company serves multiple customer segments, including wood-based panelboard, glass, mineral wool, and steel industries.
EWK Umwelttechnik became a part of Valmet's Pulp and Energy business line.
Key information about the acquisition |
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Net sales in 2020 |
EUR ~22 million |
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Number of employees |
~50 |
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Value of acquisition |
Not disclosed |
Combining Valmet’s and EWK Umwelttechnik’s emission control offerings expand the solutions we can provide our customers and widens the industries that our technologies cover. This creates new business opportunities for our environmental systems business.
ECP Group
ECP Group is a Finnish manufacturer and maintainer of electrostatic precipitators (ESP), focusing on power plants and pulp and paper industry. Company’s offering consists of manufacturing and modernizing electrostatic precipitators as well as providing services, such as inspections, annual maintenance, spare parts and performance improvements. An electrostatic precipitator (ESP) is an air emission control device that removes solid particles from the flue gases generated in combustion processes.
ECP Group will be reported under Valmet's Services business line.
Key information about the acquisition |
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Net sales in 2020 |
EUR ~6 million |
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Number of employees |
~20 |
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Value of acquisition |
Not disclosed |
The acquisition of ECP Group means a step change in our capabilities to offer environmental systems services. Together with ECP Group’s offering and competences, we will enhance our after sales capabilities and are able to serve our customers in improving and maintaining the emission controlling.
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