Valmet will supply a flue gas condensing process for Vantaa Energy's new high-temperature hazardous waste incineration plant in Vantaa, Finland, with completion scheduled for 2025. The order value was not disclosed but is typically over EUR 15 million.

Sulzer completed a modernization of its Karhula pump factory in Kotka, adding a highly automated, digitized pump production line and a new logistics centre. The upgrade cuts production throughput time by 93%.

Stora Enso will invest approximately EUR 1 billion during 2022-2025 to convert an idle paper machine at its Oulu site in Finland into a 750,000-tonne consumer board line, with production expected in early 2025.

Walki Group completed the acquisition of 100% of the shares of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers serving Nordic food brands. Combined 2021 sales were about EUR 40 million; the price was not disclosed.

Walki Group signed a definitive agreement to acquire 100% of Westpak Oy Ab and Flexipack Oy Ab, Finnish flexible packaging producers with about EUR 40 million combined 2021 sales, subject to competition approval. The price was not disclosed.

Valmet inaugurated a new high-volume valve production unit at its Vantaa valve factory, which started operations in June 2022 and was officially opened on June 6, 2022, to improve valve availability and delivery times.

Finnish paper-industry equipment maker Valmet completed its merger with valve company Neles on April 1, 2022, creating a combined company with valve and automation operations.

Neles Corporation and Valmet Oyj completed their merger, with trading in the new Valmet shares starting April 1, 2022. The Finnish Financial Supervisory Authority had approved a supplement to the merger prospectus.

Sulzer Pumps Finland moved process pump production to a new production line completed in 2022 at its Karhula plant in Kotka, which significantly increased capacity and was paired with the adoption of LEAN management.

Stora Enso will invest 23 million euros in its Varkaus packaging board mill in Finland, which will increase the mill's capacity.

AxFlow Holding AB acquired majority ownership of Starline Valves Oy, a Vantaa-based Finnish distributor of valves and actuators. Starline Services S.P.A. of Italy remains a strategic partner and minority owner.

Neles Corporation completed its acquisition of the valve and pump businesses of Finland-based Flowrox on 1 November 2021. The deal adds 110 employees and mining and metals flow-control products to Neles.

Neles signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox, with about EUR 30 million of 2020 sales, for EUR 40.9 million in cash plus up to EUR 3 million earn-out. Closing is estimated for November 2021.

Mayr-Melnhof Karton AG completed its acquisition of Finnish cartonboard and saturating kraft paper maker Kotkamills on 2 August 2021, after regulatory approvals. The deal strengthens MM's virgin-fiber cartonboard position and adds cupstock.

Valmet and Neles signed a combination agreement and merger plan under which Neles will merge into Valmet, creating a company with illustrative 2020 net sales of about EUR 4.3 billion and around 17,000 staff. The combination targets roughly EUR 25 million in annual run-rate synergies.

Finnish valve company Neles Corp signed an asset purchase agreement to acquire the valve and pump businesses of Flowrox. The price was not disclosed.

Mondi has approved a €125 million capital investment at its Kuopio semi-chemical fluting mill in Finland, adding about 55 thousand tonnes per year of capacity. Start-up is planned for Q4 2023.

Neles will commission a new production unit at its Vantaa, Finland valve factory to improve availability and delivery times, with start of operations scheduled for early 2022.

MB Funds and the management invest in Pyroll Packaging, a Finnish maker of sustainable packaging with nine manufacturing sites, under a transaction signed on 5 May 2021. Pyroll had net sales of 60m EUR in 2020.

Norrhydro Oy will build a roughly €15 million factory in Rovaniemi's new industry area, doubling production capacity over time and creating over 100 jobs; construction starts May 2021 with relocation in 2022.

Sulzer Pumps Finland signed a contract with Metsä Fibre to supply several hundred process pumps and mixers from its Kotka plant for the bioproduct mill under construction in Kemi, Finland. The contract value was not disclosed.

Fibox is investing more than EUR 3 million to enlarge its Lempaala, Finland plant and add equipment and automation, with injection molding capacity set to more than double and full completion in two years starting October 2021.

Nordex secured a contract from WPD to supply 33 N163/5.X turbines for the 188MW Karhunnevankangas wind farm in Ostrobothnia, Finland, with a 15-year premium service contract also agreed. Installation is scheduled for 2022.

MM Group agreed to acquire Kotkamills Group Oyj from its shareholders for an enterprise value of around EUR 425 million. Kotkamills operates a cartonboard mill in Kotka, Finland, and closing is expected by mid-2021.

SPX FLOW entered a combination agreement to launch a recommended public tender offer for all shares of Finland's Uutechnic Group Oyj (UTG Mixing Group) at EUR 0.60 per share in cash. Closing is expected in Q1 2021.

Neles and Metsä Fibre signed a preliminary agreement for Neles to supply valve solutions and maintenance services for the new bioproduct mill in Kemi, Finland. The mill investment is EUR 1.5 billion, with a final decision expected no earlier than autumn 2020.

Metsä Fibre and Neles signed a preliminary agreement under which Neles would deliver valve solutions and maintenance and spare part services to the new Kemi bioproduct mill in Finland.

Neles signed a preliminary agreement to supply valve solutions and maintenance services for Metsä Fibre's planned 1.5 million tonne bioproduct mill in Kemi, Finland. Metsä's final investment decision is expected in fall 2020 at the earliest.

Alfa Laval amended its recommended public cash tender offer for all shares of Finnish valve maker Neles, lowering the minimum acceptance condition to more than 50% and extending the acceptance period. The offer was first announced on 13 July 2020.

Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.

Valmet proposed to the Neles board on 29 September 2020 to start talks on a statutory merger of the two Finnish companies. Valmet had already built its Neles stake to 29.5%.

Addtech Components, part of the Addtech Group, signed an agreement to acquire all outstanding shares of Fluidcontrol Oy, a Finnish developer of actuators and valve solutions with 20 employees and sales of about EUR 4 million. Closing is expected in early September 2020.

MPOWER Engineering supplied Gate Valves K12, K03 and Check Valves K05 and K08 via Finkova Oy for Savon Voima's Joensuu project in Finland.

Alfa Laval announced a recommended voluntary public cash tender offer of EUR 11.50 per share for all Neles shares not already held by Neles, valuing Neles' total equity at about EUR 1,727 million. The deal strengthens Alfa Laval's industrial flow control business.

Valmet agreed to buy 22,374,869 shares, or 14.88%, of the future Neles Corporation from Solidium Oy for EUR 179 million paid in cash. The transaction is expected to close on July 1, 2020, after Neles is spun off from Metso.

Sulzer has acquired a 25% stake in Tamturbo Plc, a Finnish maker of oil-free industrial air compressor systems. The two companies had a sales and supply agreement since 2018.

Valmet will supply new reel and winding technology and surrounding equipment to modernize board machine KK 1 at Metsä Board's Kyro mill in Finland, with start-up scheduled for the second half of 2021. The order value was not disclosed.

Finland's TVO selected GE Steam Power to provide maintenance and upgrade services for the Olkiluoto nuclear plant through 2038, including a new GTD generator rotor to be installed in 2023.

Indutrade AB signed on 6 February 2020 to acquire all shares of Jouka OY, a Ylöjärvi, Finland ball valve manufacturer with about EUR 6.5 million annual sales and 31 employees. The closing took place on 6 February.

Flowplus Oy acquired the restructuring, maintenance and repair business of Oy Lining Ab for pumping stations in Lappeenranta, Finland, through an asset purchase executed on 29 November 2019.

Vestas has secured a 101 MW order from Puhuri Oy for 18 EnVentus V162-5.6 MW turbines at the Parhalahti and Hankila projects in Northern Ostrobothnia, Finland, including a 25-year service agreement. Turbine delivery is scheduled for Q3 2021.

Bluefors has opened a new cryo hall of 1104 square metres, greatly increasing its production capacity for dilution refrigerator systems.

Indutrade has signed an agreement to acquire all shares of Finkova Oy, a Finnish niche valve trading business with annual sales of about EUR 8.5 million, serving the process and boiler industries.

German valve company ARI-Armaturen Group bought all outstanding shares of Hogfors Oy, a Finnish manufacturer of butterfly and ball valves used mainly in district heating and process industries, with Clairfield as exclusive financial advisor.

Kalaneuvos, the largest fish smoking plant in the Nordics, completed a plant extension in Sastamala, Finland in 2019 that more than doubled production and created about 30 jobs. The extension uses an industrial ammonia central cooling system with Vexve valves.

French luxury house Chanel invested in Finnish biodegradable material company Sulapac. The investment is dated December 2018.

Högfors opened a new valve plant in Salo, Finland, built around a Fastems flexible manufacturing system that combines Deckel Maho and Gildemeister machine tools with a Fanuc robot cell. Eight machines were relocated from the old plant and the site is ready for production of butterfly and ball valves.

Valmet will supply an automation and safety system, including Valmet DNA and Hima safety systems, to the new Inkoo gas compression station of the Balticconnector pipeline for Baltic Connector Oy. Start-up is scheduled for June 2019.

NREP Logicenters awarded Finnish contractor YIT a contract to renovate about 2,700 m² and build a new 15,000 m² building at Huhtamaki's foodservice packaging facility in Hämeenlinna, Finland, with work running to December 2019.

Danfoss acquired additional shares in Finnish IoT building-energy firm Leanheat, bringing its total ownership to 46 per cent from 23 per cent acquired in 2016. The deal strengthens its building energy optimization offering.