The global expansion of manufacturing locations in India and the US, positions Severn as a complementary fit within Valmet’s existing footprint.
Perttu Louhiluoto, CEO of Severn Group, said: “We are proud to welcome Valmet as our new owners and look forward to building on the strong foundation laid over recent years. Due to Bluewater’s leadership, Severn Group has grown from a British manufacturer in the energy space into a global industrial business with a truly international footprint. As we look ahead, the scale and breadth of the global opportunities in front of us are greater than ever and ones we cannot fully unlock alone. Joining Valmet positions us to accelerate our growth, expand into new markets, and deliver even greater value to customers worldwide. We are excited about this next phase of Severn’s journey.”
Thomas Hinnerskov, CEO of Valmet, added: “This acquisition marks a significant step in the execution of Valmet’s Lead the Way strategy, strengthening our Process Performance Solutions segment and expanding our Flow Control business. Severn’s strong capabilities and proven track record in severe service for demanding applications make it an excellent strategic fit for Valmet. This acquisition strengthens our commitment to deliver lasting customer value over the life-cycle. We are proud to welcome Severn’s skilled and dedicated employees to Valmet.”
Under Bluewater’s strategic guidance, Severn Group transformed from a predominantly upstream oil and gas business (73% in 2020) into a diversified global industrial company, expanding into over 12 new sectors and quadrupling earnings.