- CEO
- Thomas Hinnerskov
- Full Time Employees
- 19,232
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Keilasatama 5 Espoo Finland 02150
- IPO Date
- Aug 8, 2019
- Business
- Valmet Oyj is a Finnish developer and supplier of process technologies, automation systems, and services primarily for the pulp, paper, and energy industries. Its core products and services include process technologies and equipment for pulp, paper, tissue, and board production; energy efficiency solutions and boiler islands; flow control and automation systems; and comprehensive services such as maintenance outsourcing, mill and plant improvements, spare parts supply, and lifecycle services. Valmet's Automation segment offers advanced process automation systems, process analyzers, and gas chromatographs, enabling enhanced control and optimization across various process industries. The company operates globally, serving customers in Europe, North America, South America, Asia-Pacific, and other regions. Founded in 1951 and headquartered in Espoo, Finland, Valmet also includes the Flow Control business line, integrated following the 2022 merger with Neles.
Recent major changes include the acquisition of the Process Gas Chromatography business from Siemens AG, completed in April 2024, significantly expanding Valmet's automation and process analyzer product offerings and geographic reach. In 2023, Valmet acquired Körber's Business Area Tissue, enhancing its process technologies and services in tissue manufacturing. The company initiated a new strategic direction titled "Lead the Way" in mid-2025, with ambitious 2030 financial targets focusing on doubling organic growth in biomaterial services and increasing profitability through technology innovation, digital capabilities, and lifecycle value creation. Valmet also strengthened its digital solution capacity through a partnership to enhance the AI-driven FactoryPal platform for improved shop floor operations in tissue manufacturing. Leadership changes include the appointment of Thomas Hinnerskov as President and CEO in late 2024. The company continues to focus on circular economy solutions, exemplified by projects with Renewcell for producing dissolving pulp from recycled textiles and bio-based combined heat and power plants in Europe.
Valmet operates across four business lines: Biomaterial Solutions and Services, focusing on bio-based products and services; Process Performance Solutions, comprising Automation Solutions and Flow Control; and Services, covering comprehensive lifecycle and maintenance solutions. Its customer base spans pulp, paper, energy sectors, and increasingly, industries requiring sustainable, circular technology solutions worldwide.
This comprehensive portfolio, strategic acquisitions, innovative projects, and geographic diversification position Valmet as a leading global technology provider in its sectors, with strong commitments to sustainability and digital transformation.