Valmet strengthens its business by acquiring PMP Group

The acquisition was announced on September 11, 2020 and is estimated to be completed on October 1, 2020 at the earliest. The enterprise value of the acquisition is approximately EUR 64 million, plus a conditional and capped earn-out component. 

PMP Group supplies process technologies and services for tissue, board and paper machines globally. They have operations in four countries: Poland, China, USA and Italy. The acquisition complements Valmet’s offering and builds further our local presence especially in Central Europe and China. 

 

The acquisition will bring two companies with different offerings and customer segments together. PMP’s technology and services portfolio for small and medium-sized tissue, board and paper machines will be a very good complement to Valmet’s current paper technology and services for wide and fast machines and rebuilds. Together with PMP’s product portfolio, their competence and presence in strategic markets, we will create new business opportunities and further strengthen our capabilities to serve paper, board and tissue producers globally. PMP has a very skilled team and I am happy to warmly welcome them to Valmet 

Jari Vähäpesola, Business Line President, Paper business line, Valmet

Key information about the acquisition

Net sales in 2019

EUR ~70 million

Number of employees

~650

Value of acquisition

EUR ~64 million1

 

1)plus a conditional and capped earn-out component

 

More information: Valmet Oyj’s press release on September 11, 2020

Updated; Sep 15, 2020