Valmet enters into a joint venture with Körber

Valmeta and Körber have reached an agreement on a joint venture to further strengthen FactoryPal, a Körber venture. FactoryPal is software developed for tissue processing operations that improves production efficiency and productivity on the factory floor.

Under the joint venture agreement, Valmet will become the majority shareholder of FactoryPal, and FactoryPal will continue to operate as its own legal entity under the existing FactoryPal brand. The addition of FactoryPal will further strengthen Valmet’s offering of advanced industrial Internet solutions and digital services supporting customers in the tissue industry. The joint venture follows Valmet’s acquisition of Körber’s Business Area Tissue, which was completed in November 2023.

FactoryPal software enables tissue processing teams to achieve seamless operations by generating and leveraging high-quality data combined with a cutting-edge user experience and advanced artificial intelligence (AI). FactoryPal serves as your trusted co-pilot on the factory floor.

Currently, 55 employees work at FactoryPal in Germany, Portugal, Italy, the USA and Brazil. The formation of a joint venture is subject to customary closing conditions. It is estimated that the closing of the contract will take place on August 1 at the earliest^street2024.

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