Valmet is to strengthen its digital offering after closing the agreement to acquire the majority shares in Körber’s subsidiary FactoryPal.
FactoryPal is a software that the company said improves shopfloor manufacturing performance and productivity.
After the closing of the agreement, Valmet now holds the majority of the shares and FactoryPal will continue operating as an own legal entity under the existing brand.
Valmet said the addition will “further strengthen its offering of advanced Industrial Internet solutions and digital services to support customers in the tissue industry.”
It added that FactoryPal enables mills “to achieve seamless operations by generating and utilising high-quality data” combined with advanced AI.
Samppa Ahmaniemi, VP Tissue Converting business unit, Valmet, said: “FactoryPal is an excellent complement to Valmet’s Industrial Internet solutions and digital services.
“With the addition of extensive competence and advanced digital services we can support tissue producers to further improve production efficiency and preventive actions.
“We are eager to take the next step in digitalisation of tissue mills.”
The agreement follows Valmet’s acquisition of Körber Business Area Tissue that was completed in November 2023.
