Valmet has completed its acquisition of Severn Group, the industrial valve manufacturer, for a debt-free enterprise value of $480 million.
The Finnish engineering group confirmed the closing of the deal on Tuesday, marking the end of a transaction process that began with the signing of the agreement in December.
The acquisition integrates Severn Group’s valve technology into Valmet’s existing portfolio, strengthening its position in the industrial process sector.
The deal was originally disclosed by Valmet in December, with the closing subject to standard regulatory approvals and customary closing conditions.
With the transaction now finalized, Valmet will focus on integrating Severn Group’s operations and technology into its broader industrial solutions offering.
The move aligns with Valmet’s strategy to expand its capabilities in high-value industrial components.