June 10, 2021 - Valmet has on June 9, 2021 entered into agreements to acquire EWK Umwelttechnik GmbH, a German company manufacturing and supplying air emission control systems and after-installation services, and ECP Group, a Finnish manufacturer and maintainer of air emission control systems. These acquisitions complement Valmet's customer offering in environmental technologies and related services.
The values of the acquisitions will not be disclosed.
After the acquisitions are completed, which is expected in July 2021, Valmet's Environmental Systems offering covers technologies and services for wet and dry flue gas cleaning, flue gas desulfurization, NOx reduction and burner systems for energy and process industries, and marine scrubbers.
EWK Umwelttechnik's offering of emission control technologies includes electrostatic precipitators, wet absorbers, catalytic and heat recovery systems, and wastewater purification products. The company serves multiple customer segments, including wood-based panelboard, glass, mineral wool, and steel industries.
The net sales of EWK Umwelttechnik were approximately EUR 22 million in 2020. The company, founded in 1868, is based in Kaiserslautern, Germany, and employs approximately 50 employees.
"This acquisition is an excellent strategic fit for Valmet and our technology and services offering enhancing our customers' environmental performance, said Bertel Karlstedt, Business Line President, Pulp and Energy, Valmet. "The tightening emission regulations and strive for sustainable technology is increasing the demand for various air emission control solutions across industries. Integrating EWK Umwelttechnik's offering to Valmet's offering strengthens our environmental systems business by complementing our existing technology offering especially in the area of wet and dry electrostatic precipitators and in water treatment technology as well as widening the industries that our emission control technologies cover. EWK Umwelttechnik has a very skilled team and I am happy to warmly welcome them to become part of Valmet."
ECP Group is a manufacturer and maintainer of electrostatic precipitators (ESP), focusing on power plants and pulp and paper industry, in Finland. Company's offering consists of manufacturing and modernizing electrostatic precipitators as well as providing services, such as inspections, annual maintenance, spare parts and performance improvements. An electrostatic precipitator (ESP) is an air emission control device that removes solid particles from the flue gases generated in combustion processes.
The net sales of ECP Group were approximately EUR 6 million in 2020. The company, founded in 2002, is headquartered in Vantaa, Finland, and employs around 20 employees.
Jussi Sinisalo, Director, Environmental Systems, Pulp and Energy business line, Valmet, explained, "Environmental demands are tightening in all industries, and this development is supporting Valmet and its Environmental Systems business. The acquisition of ECP Group means a step change in our capabilities to offer environmental systems services. Together with ECP Group's offering and competences, we will enhance our after sales capabilities and are able to serve our customers in improving and maintaining the emission controlling."
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. The company's technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. To learn more, visit: www.valmet.com.
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