Valmet has completed the acquisition of the U.S. based NovaTech Automation’s Process Solutions business.
The acquired business specializes in process control and optimization solutions for batch, continuous and hybrid processes. It serves customers mainly in process industries such as food and beverage, pharmaceuticals and chemical products. With a turnover of approximately USD 18 million, it employs 76 people in the United States and the Benelux countries. The acquisition excludes NovaTech Automation’s other divisions.
The NovaTech Automation Process Solutions business will be integrated to Valmet’s Automation Systems business line. The acquired business will be included in Valmet’s financial reporting for the first time in Valmet’s 1st quarter 2023 financial reporting.
Courtesy of Valmet.