Valmet to take over PMP group

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Valmet will acquire Poland’s tissue, paper, and board machinery and service provider PMP group. A corresponding agreement was signed today, and the completion of the transaction is expected on 1 October at the earliest, according to Valmet.

PMP employs 650 people in Poland, Italy, China, and the US, and had sales of approximately €70m in 2019. Valmet put the enterprise value of the deal at €64m, “plus a conditional and capped earn-out component.”

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