# Valmet closes acquisition of majority shares in FactoryPal from Körber

Valmet and Körber closed the agreement for Valmet to acquire majority shares in FactoryPal, a software company focused on shopfloor manufacturing performance. FactoryPal will continue as its own legal entity under existing brand.

- Type: Acquisition
- Announced: 2024-08-01
- Where: Germany
- Status: completed
- Products: shopfloor manufacturing performance software, Industrial Internet solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/valmet-closes-the-agreement-to-acquire-majority-shares-in-factorypal-a-subsidiary-of-korber-302212317.html), 2024-08-01: "Valmet and Körber have on August 1, 2024, closed the earlier announced agreement to further strengthen the digital solution FactoryPal."

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