# Valmet to acquire GL&V, a pulp and paper technology and services provider, for EUR 113 million

Valmet agreed on February 26, 2019 to acquire North American GL&V, a global supplier of technologies, rebuilds and spare parts to the pulp and paper industry, for an enterprise value of about EUR 113 million on a cash and debt free basis. Completion is estimated at the earliest on April 1, 2019.

- Type: Acquisition
- Announced: 2019-02-26
- Value: $128.0M (113.0M EUR)
- Status: announced
- Products: pulp and paper process technologies, upgrades and optimization services, rebuilds, spare parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Valmet](https://endata.com/companies/244.md) (acquirer)
- [GL&V](https://endata.com/companies/4680.md) (target)

## Sources

- [valmet.com](https://www.valmet.com/news/press-releases/2019/valmet-strengthens-its-stable-business-by-acquiring-glv-a-global-provider-of-technologies-and-services-to-the-pulp-and-paper-industry/), 2019-02-26: "The enterprise value of the acquisition is approximately EUR 113 million on a cash and debt free basis subject to ordinary post-closing adjustments."
- [doi.org](https://doi.org/10.1016/s1359-6128(19)30089-8), 2019-04-01: "Valmet has completed the acquisition of GL&V, a global provider of technologies and services to the pulp and paper industry, for an enterprise value of approximately €113 million."
- [pumpsindia.com](https://pumpsindia.com/pumps-india-newsletter-july-2019/), 2019-04-02: "Valmet has completed the acquisition of GL&V, a global provider of technologies and services to the pulp and paper industry, for an enterprise value of approximately €113 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.