Valmet Completes Acquisition of PMP Group
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Valmet has completed the acquisition of PMP Group, the provider of technologies and services for the paper industry.
The acquired operations will be integrated into our Paper business line and we are happy to have a new competent team onboard. From now on we will work as one common team, with a wider product offering, to further strengthen our capabilities to serve paper, board and tissue producers globally.
The acquisition brings together two companies with different offerings complementing each other. It combines Valmet’s current paper technology and services for wide and fast machines and rebuilds, with PMP’s product portfolio focusing on small and medium-sized tissue machines and board and paper machine rebuilds. As a result, Valmet will have the widest product portfolio in the market ranging from technologies and services for small and medium sized tissue, board and paper machines to wide and fast complete tissue, board and paper lines and rebuilds of tissue, board and paper lines. We have hereby strengthened our core competences with another 650 dedicated people. Together with our current 13,500 Valmet professionals around the world we are ready to create competitive and even smarter solutions to move your performance forward.
Ongoing projects continue as planned
All ongoing projects will continue with the same resources and plans as agreed earlier. Our respective teams are responsible and ready to fulfill the obligations based on agreed commitments.
Your contacts remain the same
All our customer contact persons will remain the same and they will be happy to share more information about both our new operations together and our wider offering.
Information about Valmet
Valmet offers process technologies, services and automation solutions to pulp, paper and energy industries. We spend around 70 million euros annually in research and development (R&D) to develop competitive and innovative solutions to the market. Our pilot facilities are used to help customers develop their products, processes and people’s competences and skills. From Valmet’s eight Performance Centers we can provide remote expert services and Industrial Internet solutions.
Information about former PMP Group
PMP Group has more than 165 years of history in the pulp and paper industry. The team is highly competent and experienced and dedicated to deliver best solutions and strive to provide a good customer experience.
The offering of the acquired business includes complete tissue lines, rebuilds of tissue, board and paper machines as well as services for the pulp and paper industry globally. The operations are mainly performed from the sites Jelenia Gora and Świecie in Poland while the rest of the operations are located to Changzhou, China, South Beloit, USA and Lucca in Italy. Main markets are Asia, China, North America and Eastern Europe.
