Valmet, a global developer and supplier of technologies, automation and services for the pulp, paper and energy industries, agreed to acquire Business Area Tissue from Körber Group, an international technology group, for €380m. “Valmet benefits from the growing demand for bio-based products globally. With this acquisition, Valmet takes again a new step forward and strengthens both its Process Technologies and Services segments. The combination of Valmet’s current tissue making technologies, services and automation offering and the acquired tissue converting offering and competences is a good strategic fit complementing each other and forms a strong basis to create new business opportunities and serve our customers even better. We are happy and proud to warmly welcome all the new colleagues from Körber’s Business Area Tissue to become part of Valmet,” Pasi Laine, Valmet President and CEO.