Valmet entered into an agreement to acquire the U.S. based NovaTech Automation’s Process Solutions business. The value of the acquisition will not be disclosed. The acquisition is estimated to be completed on January 1st, 2023 at the earliest.
NovaTech Automation’s Process Solutions business specializes in process control and optimization solutions for batch, continuous and hybrid processes. The Process Solutions business has a turnover of approximately $18 million and employs more than 90 people in the United States and the Benelux countries.
The acquisition is in line with Valmet’s strategy and will further strengthen Valmet’s recurring stable Automation business with a reliable batch distributed control system (DCS). It also expands Valmet’s automation systems business footprint in the U.S., particularly in new industries, including food and beverage, pharmaceuticals, and chemical products.
The NovaTech Automation Process Solutions business will transition to Valmet, including employees, technologies and customer agreements. The two organizations will work together over the coming months to ensure a smooth transition. The acquired business will be integrated to Valmet’s Automation Systems business line.
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
