Press release

17 Sep 2020

EY Poland advised in the sale process of PMP Group – global paper machinery provider

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 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.

About EY

EY is a leading global professional services firm in assurance, tax, strategy and transaction and consulting services. Worldwide, over 270,000 best professionals operating from more than 700 EY member firms based in more than 150 countries share EY values and commitment to deliver exceptional client service. Our mission is “Building A Better Working World”, as a better working world is a better working economy, society and ourselves. 

EY in Poland has about 4,000 professionals operating from 7 offices across Poland – Warsaw, Gdańsk, Katowice, Kraków, Łódź, Poznań, Wrocław and EY SSC. EY Poland has been announced the “Best and Most Successful Tax Advisory Services Firm” several times in the business media rankings, and has also topped the “Best Accounting Firm” lists.

Since 2003 EY Poland has been running the EY Entrepreneur Of The Year Poland programme, with the country winners representing Poland to vie for the EY World Entrepreneur Of The Year title in the finals held annually in Monte Carlo.

EY is also one of the best employers in Poland. The firm has been honoured with Uniwersum’s “Best Employer” title and the “Most Desirable Employer” in the “Employer Of The Year®” ranking by AIESEC. EY has also received the “Great Place to Work” awards in the category of firms with more than 500 employees.