# Valmet and Körber form joint venture for FactoryPal tissue software

Valmet and Körber reached a joint venture agreement on May 29, 2024, under which Valmet will become the majority shareholder of FactoryPal, a software venture of Körber for tissue converting operations. The closing is estimated at earliest on August 1, 2024.

- Type: Partnership
- Announced: 2024-05-30
- Status: announced
- Products: tissue converting software, FactoryPal
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Valmet](https://endata.com/companies/244.md) (partner)
- [Körber](https://endata.com/companies/1138.md) (partner)
- [FactoryPal](https://endata.com/companies/77728.md) (partner)

## Sources

- [valmet.com](https://www.valmet.com/news/press-releases/2024/valmet-enters-joint-venture-with-korber-to-advance-the-digital-offering-to-the-tissue-industry/), 2024-05-30: "Valmet and Körber have on May 29, 2024, reached a joint venture agreement to further strengthen FactoryPal, a venture of Körber."

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