Valmet Closes Agreement on Acquisition of Majority Shares in FactoryPal

FactoryPal empowers mill teams to achieve seamless operations by generating and utilizing high-quality data combined with state-of-the-art user experience and advanced artificial intelligence.

Aug. 1, 2024 - Valmet and Körber today closed the earlier announced agreement to further strengthen the digital solution FactoryPal, a unique software developed to improve shopfloor manufacturing performance and productivity.

After the closing of the agreement, Valmet holds the majority of the shares and FactoryPal will continue operating as an own legal entity under existing brand.

The agreement follows Valmet's acquisition of Körber Business Area Tissue that was completed in November 2023.

The addition of FactoryPal will further strengthen Valmet's offering of advanced Industrial Internet solutions and digital services to support customers in the tissue industry.

"FactoryPal is an excellent complement to Valmet's Industrial Internet solutions and digital services," said Samppa Ahmaniemi, VP Tissue Converting business unit, Valmet. "With the addition of extensive competence and advanced digital services we can support tissue producers to further improve production efficiency and preventive actions. We are eager to take the next step in digitalization of tissue mills."

FactoryPal empowers mill teams to achieve seamless operations by generating and utilizing high-quality data combined with state-of-the-art user experience and advanced artificial intelligence (AI). Acting as an AI co-pilot, the application leverages data and AI to transform operational challenges into opportunities, optimizing many aspects of production.

Nadja Hatzijordanou, CEO of FactoryPal, added, "Our partnership with Valmet marks a significant step towards becoming the leading AI-copilot for shop floors. By harnessing our combined expertise in machinery, process, and advanced digital and AI solutions, we are committed to delivering unparalleled customer value in tissue and beyond."

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.

SOURCE: Valmet