Valmet, a global developer, and supplier of process technologies, automation, and services for the pulp, paper, and energy industries, has completed the acquisition of the US-based NovaTech Automation’s Process Solutions business.
The acquired business specializes in process control and optimization solutions for batch, continuous and hybrid processes. It serves customers mainly in process industries such as food and beverage, pharmaceuticals, and chemical products. With a turnover of approximately US$18 million, it employs 76 people in the United States and the Benelux countries. The acquisition excludes NovaTech Automation’s other divisions.
The NovaTech Automation Process Solutions business will be integrated to Valmet’s Automation Systems business line. The acquired business will be included in Valmet’s financial reporting for the first time in Valmet’s first quarter 2023 financial reporting.
“The acquisition was completed as planned and we are very happy to welcome the new colleagues as well as the former NovaTech process solutions’ customers to Valmet. The acquired business complements our automation offering well, bringing new synergies and opening the opportunity to serve both companies’ current and future process automation customers with a wider offering,” says Emilia Torttila-Miettinen, president, Automation Systems business line at Valmet.
“Valmet is a truly global, sustainable, and customer-focused process engineering organization. This acquisition is a great opportunity for the process organization, its employees, and customers,” says Conrad Oakey, CEO, NovaTech Automation.