Valmet, a Finnish company and a developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries, acquired Groupe Laperriere & Verreault, a global provider of technologies and services to the pulp and paper industry, for EUR128m. "The acquisition has an excellent strategic fit - it strengthens Valmet's global services business, complements our technology offering and builds further our local presence and capabilities especially in North America. The combination of Valmet's global reach and GL&V's product and services offerings for chemical pulping and paper production form a good basis to create new business opportunities and serve our customers even better. GL&V has a team of experts globally and I want to warmly welcome them to become part of Valmet," says Pasi Laine, President and CEO of Valmet.