Valmet announced that it has completed the acquisition of the US-based NovaTech Automation’s Process Solutions business.
The acquired business specializes in process control and optimization solutions for batch, continuous and hybrid processes. It serves customers mainly in process industries such as food and beverage, pharmaceuticals, and chemical products. With a turnover of approximately USD 18 million, it employs 76 people in the United States and the Benelux countries. The acquisition excludes NovaTech Automation’s other divisions.
The NovaTech Automation Process Solutions business will be integrated to Valmet’s Automation Systems business line. The acquired business will be included in Valmet’s financial reporting for the first time in Valmet’s 1st quarter 2023 financial reporting.
Harry Forbes of ARC Advisory Group comments: “This further consolidation of the DCS market is expected. But as DCS suppliers shift their offerings from full-stack proprietary to more industry standards-based (such as those specified by the Open Group’s O-PAS and/or Kubernetes of the Cloud-Native Computing Foundation) there will be a massive lowering of barriers to entry for this market. It remains to be seen which, if any, new firms can take advantage of this highly demanding opportunity.”