Valmet acquires NovaTech Automation Process Solutions business
Mike EdwardsNews People in Process acquisition NovaTech Automation process solutions Valmet
Valmet of Espoo, Finland, has entered into an agreement to acquire the U.S.-based NovaTech Automation 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 business has revenues of approximately US$18 million and employs more than 90 people in the U.S. and the Benelux countries (Belgium, The Netherlands, Luxembourg).
The acquisition is said to be in line with Valmet’s strategy and will further strengthen the company’s recurring stable automation business with a reliable batch distributed control system (DCS). It also expands the Valmet 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.
According to Toni Saarnio (above right), VP, Strategy and Business Development at Valmet’s Automation Systems business line, “NovaTech Automation’s process solutions offering complements Valmet’s existing automation offering and industry reach.
“It brings synergy and opens the opportunity to serve both companies’ current and future process automation customers with a wider offering.”
Conrad Oakey (above left), CEO, NovaTech Automation, added that “Valmet is an industry leader in automation systems and process control.
“Their investment in research and development, direct-to-customer service model, and their global footprint make them an ideal steward of the NovaTech Automation Process offering. “I know our customers and employees will benefit from their expertise and technologies.”
Valmet is a global developer and supplier of process technologies, automation and services for the pulp, paper, and energy industries.
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