Valmet has completed its acquisition of Severn Group, a leading manufacturer of industrial valves, for a debt-free enterprise value of $480 million.
The Finnish engineering group confirmed the closing of the transaction on Wednesday, July 1, marking the final step in a deal that was initially announced earlier this year.
The acquisition significantly broadens Valmet’s product offering in the industrial automation and process control sectors.
Severn Group, based in the United States, specializes in high-performance valves for demanding applications in oil and gas, chemical, and power generation industries.
By integrating Severn’s technology and manufacturing capabilities, Valmet aims to strengthen its position as a full-scope provider of industrial solutions.
This move aligns with Valmet’s broader strategy to diversify its revenue base beyond its traditional strengths in pulp and paper machinery.