NovaTech Automation

Valmet agreed on July 14, 2023 to acquire the Process Gas Chromatography business of Siemens AG for EUR 102.5 million on a cash and debt-free basis. Completion is estimated for April 1, 2024 at the earliest.

NovaTech Automation acquired the product line of TestSwitch LLC, including the W3TS Test Switch, to expand its critical infrastructure solutions portfolio.

Finnish technology group Valmet has completed its acquisition of the US-based Process Solutions business of NovaTech Automation. The deal was announced in November 2022.

Valmet acquired NovaTech Automation's Process Solutions business, which specializes in process control and optimization solutions. The terms of the transaction were not disclosed.