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Valmet strengthens its environmental systems business with two acquisitions

Mount Equity Group Tokyo Japan > News > Markets > Valmet strengthens its environmental systems business with two acquisitions

HELSINKI, June 10, 2021 /PRNewswire/ — Valmet has on June 9, 2021, entered into agreements to acquire EWK Umwelttechnik GmbH, a German company manufacturing and supplying air emission control systems and after-installation services, and ECP Group, a Finnish manufacturer and maintainer of air emission control systems. These acquisitions complement Valmet’s customer offering in environmental technologies and related services.  

The values of the acquisitions will not be disclosed. The acquisitions are estimated to be completed in July 2021. After the acquisitions are completed, Valmet’s Environmental Systems offering covers technologies and services for wet and dry flue gas cleaning, flue gas desulfurization, NOx reduction and burner systems for energy and process industries, and marine scrubbers.

The acquisition of EWK Umwelttechnik

EWK Umwelttechnik’s offering of emission control technologies includes electrostatic precipitators, wet absorbers, catalytic and heat recovery systems, and wastewater purification products. The company serves multiple customer segments, including wood-based panelboard, glass, mineral wool, and steel industries.

The net sales of EWK Umwelttechnik were approximately EUR 22 million in 2020. The company, founded in 1868, is based in Kaiserslautern, Germany, and employs approximately 50 employees.

“This acquisition is an excellent strategic fit for Valmet and our technology and services offering enhancing our customers’