Cleary Gottlieb is representing Valmet Oyj (Valmet), a Finnish company listed on Nasdaq Helsinki, in its acquisition of North American-based GL&V announced on February 26, 2019.
The enterprise value of the acquisition is approximately €113 million on a cash and debt-free basis, subject to ordinary post-closing adjustments, and is expected to close at the earliest on April 1, 2019.
The acquisition is expected to strengthen Valmet’s global services business, complement its technology offering, and build on its local presence and capabilities, especially in North America.
Valmet, a company with more than 200 years of industrial history, is a global leader in the development and supply of process technologies, automation, and services for the pulp, paper, and energy industries.
GL&V provides technologies, upgrades and optimization services, rebuilds and spare parts for the pulp and paper industry.
For more information, please see the press release here.