GL&V acquired by Valmet in cross-border transaction

On April 1, 2019, Valmet Oyj (HLSE: VALMT) completed its previously announced acquisition of GL&V Canada Inc. and its subsidiaries ("GL&V"). The enterprise value of the acquisition was approximately EUR 113 million on a cash and debt free basis subject to ordinary post-closing adjustments. (GL&V's washing, oxygen delignification and bleaching operations as well as the related Product Center in Karlstad, Sweden were not included in the transaction scope.)

Valmet, headquartered in Finland, is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. GL&V is a global provider of technologies and services to the pulp and paper industry headquartered in Trois-Rivières, Québec.

Gowling WLG advised GL&V with respect to this transaction with a team that included Robert Dorion, Rafal Wrzesien, Ingrid Anton, Émilie Clairoux and Matthieu Santos-Bouffard.