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Valmet Automotive is a Finnish vehicle contract manufacturer and supplier of battery, roof, and kinematic systems. [ 3 ] Valmet Automotive has manufactured over 1.8 million vehicles at its headquarters in Uusikaupunki , Finland .
At the start of 2014, Metso Corporation's Mining and Construction business and Automation business formed the new Metso Corporation and Metso's Pulp, Paper and Power business formed a new independent company under the name Valmet Corporation. In December 2013 Metso reduced its holding in Valmet Automotive to approximately 41%.
Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together. [6] In July 2021, Valmet and Neles agreed to merge. [7] Neles owners obtained 18.8 per cent of the merging company. The companies’ synergies were considered to be substantial during the ...
Wilhelm Karmann GmbH, commonly known as Karmann, was a German automobile manufacturer and contract manufacturer based in Osnabrück, Germany.Founded by Wilhelm Karmann in 1901, the company specialised in various automotive roles, including design, production and assembly of components for a wide variety of automobile manufacturers, including Chrysler, Porsche, Mercedes-Benz and Volkswagen Group.
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The company started operations on 1 July 2020. [3] Valmet acquired 14.9 percent of Neles' shares on 1 July 2020. [4] On 13 July 2020, the Swedish company Alfa Laval made a two billion dollar takeover bid for Neles. [5] [6] Valmet announced that it will not support Alfa Laval's takeover bid in July 2020 [7] and increased its holdings in Neles in ...
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