Valmet has completed the acquisition of Process Automation Systems

May 2015 News

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 financing.

According to Valmet’s new organisational 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 with Mr. Sakari Ruotsalainen appointed as president of Automation business line.

The completion of the acquisition has no effect on Valmet’s guidance given on February 6. 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).

“The acquisition was completed according to plan, and we welcome approximately 1600 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 serve our customers even better,” said Pasi Laine, president and CEO of Valmet.

For more information contact Hugh Heine, Valmet, +27 (0)31 502 9350, [email protected], www.valmet.com

Further reading:

Mining sector turns to private renewables
News
As the European Union’s Carbon Border Adjustment Mechanism enters its permanent phase and global buyers tighten emissions disclosure requirements, South African mining operations are accelerating the integration of privately contracted renewable power into their energy mix.

Read more...

---

Appointment
Beckhoff Automation News
Beckhoff Automation has appointed Luzuko Bulembu as technical support engineer.

Read more...

---

From the editor's desk: You could be doing what?
Technews Publishing (SA Instrumentation & Control) News
Humanoid robots are increasingly featuring in the news. Some of them are a bit creepy, some make you anxious because they might take your job, but others are a lot of fun, and they’re getting better ...

Read more...

---

Africa Automation Indaba 2026 signals growing demand for Africa-focused automation dialogue
RX Africa News
Africa Automation Indaba 2026 has concluded with a clear signal that Africa’s automation conversation is moving beyond technology showcases and into the more complex questions of implementation, skills, policy, ethics and industrial competitiveness.

Read more...

---

Hitachi Energy ramps up global and African investments
News
Hitachi Energy ramps up global and African investments to support grid readiness for the AI era.

Read more...

---

Experience ICRA 2026 right here in Gqeberha, South Africa
News
The IEEE International Conference on Robotics and Automation (ICRA) is the largest robotics, automation, artificial intelligence, and manufacturing conference in the world. You can experience the premier keynote and plenary presentations in Gqeberha.

Read more...

---

What to expect at Africa Automation Indaba 2026: From AI readiness to bankable automation projects
RX Africa News
Africa Automation Indaba 2026 will give delegates a practical view of what it takes to move automation from ambition to implementation with a two-day programme focused on industrial readiness, skills development, policy alignment, investment realities and the future of intelligent operations.

Read more...

---

SKF achieves SaiMechE CPD accreditation
SKF South Africa News
SKF South Africa has achieved SaiMechE CPD accreditation, a decisive step that empowers the next generation of engineers.

Read more...

---

Elevating artisanal skills is key to revitalising South Africa’s economy
ACTOM Electrical Machines News
We need to challenge the stigma attached to artisanal and technical careers, and we also need a mindset shift supported by the schooling system so that young people understand future career pathways, choose subjects accordingly, and recognise that artisanal and technical skills carry equal value in a modern economy.

Read more...

---

40 years of PC-based control
Beckhoff Automation News
When Beckhoff elevated the industrial computer to the status of a central control system four decades ago, a paradigm shift occurred.

Read more...

---