EY acted as the financial and tax advisor to PMP Group providing extensive, multidisciplinary transaction advisory. A group of several EY’s professionals led by Paweł Bukowiński and Łukasz Jeśkiewicz were engaged and focused on supporting PMP Group in successful finalization of this transaction.
EY team that advised on the transaction process composed of:
Financial advisory: Paweł Bukowiński, Mateusz Greczkowski, Amadeusz Szpiter, Elżbieta Winnik, Joanna Olszewska
Tax advisory: Łukasz Jeśkiewicz, Michał Pacyga, Grzegorz Kucharski
Valmet, the Finnish developer and supplier of process technologies, has entered into an agreement to acquire PMP Group. The enterprise value of the acquisition is approximately EUR 64 million, plus a conditional and capped earn-out component.
PMP Group supplies process technologies and services for tissue, board and paper machines globally, focusing on small and medium-sized tissue machines and board and paper machine rebuilds. The net sales of the company were approximately EUR 70 million in the fiscal year 2019. The company employs about 650 people, the majority of whom are located in Poland and the rest in China, USA and Italy.
The acquisition will result in Valmet acquiring control over PMP Group companies including: PMPoland S.A., PMP Group Sp. z o.o., PMPKonmet Sp. z o.o., PMP Rolls & Services Sp. z o.o., PMP IB (Changzhou) Machinery & Technology Co. Ltd., PMP Americas Inc. and PMPower S.r.l.