Valmet strengthens its stable business by acquiring GL&V, a global provider of technologies and services to the pulp and paper industry
Valmet Oyj's press release on February 26, 2019 at 3:00 p.m. EET Valmet has on February 26, 2019 entered into an agreement to acquire North American-based GL&V, a global provider of technologies and services to the pulp and paper industry. The enterprise value of the acquisition is approximately EUR 113 million on a cash and debt free basis subject to ordinary post-closing adjustments. The acquisition is estimated to be completed at the earliest on April 1, 2019. GL&V supplies technologies, upgrades and optimization services, rebuilds, and spare parts for the pulp and paper industry