September 14, 2020
DAILY BRIEF: Industry, acquisitions and fast-growing startup campus
Metso Outotec has been awarded as the leading international supplier in the Chilean mining industry.
All the daily Finnish business news that works: Metso Outotec, Valmet, Konecranes, Etteplan and Maria01 startup campus make headlines.
Valmet and Etteplan strengthen with acquisitions in Europe, Konecranes delivers port equipment in South Korea, Metso Outotec wins recognition in Chile, and Maria01 startup campus is given a green light for expansion.
Valmet is acquiring PMP Group to strengthen its business in the paper industry. The enterprise value of the deal is approximately 64 million euros, plus a conditional and capped earn-out component. PMP Group has operated in the paper industry for over 165 years, specialising in process technologies and services for small and medium-sized tissue, board and paper machines. The company posted a net revenue of around 70 million euros in 2019 and employed about 650 people, most of them in Poland, but also in China, the US and Italy.
Konecranes will deliver 28 sprinter carriers to HDC Hyundai Development Company of Korea, for phases two to four of the expansion of Busan New Port. Once the deliveries have been completed, Busan New Port will have a fleet of 64 Konecranes sprinter carriers. The machines are used for container handling and will have built-in readiness for automation.
Finnish company Etteplan is acquiring Tegema in the Netherlands, which marks the start for its engineering services in the country. Tegema provides solutions and equipment for customers in the fields of semiconductors, electronics, mobility, photonics and medicine. The company employs around 100 experts in Eindhoven and Arnhem and, in 2019, reported a revenue of approximately 11 million euros. Following the acquisition, Etteplan will employ some 200 people across five locations in the Netherlands, where it has focused on technical documentation.
Etteplan / Facebook
Metso Outotec has been recognised as the leading supplier in a mining supplier ranking conducted by Phibrand in Chile. The newly merged Finnish company was recognised in the categories of crushers, mill and plant maintenance, as well as with the ranking’s highest honour, the best performing international supplier. Metso Outotec has a strong position in the South American market with six service centres, four factories, four distributions centres, a foundry and a performance centre.
The Helsinki City Council has given a green light for the development plan of Maria01, the leading startup campus in the Nordics. Read our full article by clicking the headline.
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