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:
Helping mines get results from water improvements
News
South African mines operate under constrained, water-scarce conditions where every investment must be justified. Xylem’s Chetan Mistry explains how the right water technology partner helps mines prioritise high-value water systems across the mining lifecycle.
Read more...
From solar to water, onsite plants are the next big industrial resilience shift
News
South African industrial operators who secured their energy supply with onsite solar generation now face the same imperative with water. Robert Erasmus of Sanitech argues that onsite water treatment is the next essential pillar of business continuity.
Read more...
From the editor's desk: Pushing engineering to the limit
Technews Publishing
News
Among the many things robots can do, it’s a lot of fun to follow how fast they are. They go from the Boston Dynamics cheetah, which first reached a record-breaking speed of 45,5 km/h, to the robot Charlie
...
Read more...
Schneider Electric concludes Innovation Summit Middle East and Africa
Schneider Electric South Africa
News
Schneider Electric's Innovation Summit Middle East and Africa, held in Abu Dhabi with more than 2500 attendees, explored the convergence of energy, AI and industrial software, launched an Industrial AI study and announced the NEST Accelerator Programme for energy and industrial tech startups.
Read more...
VEGA brings measurement expertise beyond mining to Electra Mining Africa 2026
VEGA Controls SA
News
VEGA used its Electra Mining Africa 2026 stand to demonstrate that its level and pressure measurement instruments extend well beyond mining, covering water, food and beverage, pharmaceuticals, chemicals, and oil and gas applications across the continent.
Read more...
Sustainable solutions for sugar
Bearing Man Group t/a BMG
News
BMG received a Special Commendation Exhibition Stand Award at the South African Sugar Technologists’ Association Congress, where it showcased an integrated turnkey drive solution designed to simplify the upgrading of ageing crushing-mill drive systems.
Read more...
Measure, Manage, Maintain: The operating model behind SA’s water resilience
Siemens South Africa
News
South Africa’s growing water crisis is putting pressure on infrastructure, municipalities and the economy. Siemens highlights how digital technologies, smarter operations and safe water reuse could help shift the country from crisis response towards a more resilient and sustainable water future.
Read more...
VEGA brings measurement expertise beyond mining to Electra Mining Africa 2026
VEGA Controls SA
News
VEGA used its Electra Mining Africa 2026 stand to demonstrate that its level and pressure measurement instruments extend well beyond mining, covering water, food and beverage, pharmaceuticals, chemicals, and oil and gas applications across the continent.
Read more...
Schneider Electric concludes Innovation Summit Middle East and Africa
Schneider Electric South Africa
News
Schneider Electric’s Innovation Summit Middle East and Africa, held in Abu Dhabi with more than 2500 attendees, explored the convergence of energy, AI and industrial software, launched an Industrial AI study and announced the NEST Accelerator Programme.
Read more...
RX Africa and Messe Muenchen India join forces to strengthen business platforms in Africa
RX Africa
News
Messe Muenchen India has announced a strategic partnership with RX Africa to strengthen the scale, reach and market impact of its premier co-located trade fairs, analytica Lab Africa and IFAT Africa, ahead of their 2027 editions.
Read more...
printer friendly version