Valmet agrees to acquire the Process Gas Chromatography business of Siemens AG

Valmet has agreed to acquire the Process Gas Chromatography business of Siemens AG. The value of the acquisition is €102.5 million.

The acquisition by Valmet is estimated to be completed on April 1, 2024, at the earliest, upon completion of carve-out measures and customary closing conditions.

The Process Gas Chromatography business of Siemens AG includes the Maxum II gas chromatograph platform, systems integration, and customer services offering. Gas chromatographs are used to measure the chemical composition in gases and evaporable liquids in all stages of production. With customer process knowledge in chemicals, liquefied natural gas (LNG), refining and biofuels, the business is said to provide critical process insights to support its customers in ensuring and improving quality, sustainability, and safety worldwide.

Valmet has in recent years successfully expanded its Automation segment through the merger with Neles in April 2022 and the acquisition of NovaTech’s Process Solutions business in January 2023.