KPA Unicon Oy buys part of the Valmet´s (current MW Power) heating plant business
19 December 2013
KPA Unicon buys small-scale heating boiler plant business in Finland and Russia from Valmet. The business deal includes Finland´s Kiuruvesi functions, production and service functions in Moscow Russia. The Finnish operations about 70 people and the Russian operations employ four people.
The scope of the divestment includes small-scale heating plants, typically under 25 MWth, based on BioGrate and pellet technologies, fire-tube oil and gas boilers, and related services.
At the same time Valmet and KPA Unicon have signed a cooperation agreement covering development of BioGrate and pellet technologies, production of modules and grate manufacturing.
In Finland, the closing of the transaction will happen by the end of January 2014. The Russian service business will be transferred during the first quarter of 2014.
Source: KPA Unicon Oy