Valmet Automotive has completed the acquisition of Karmannís convertible roof systems
Valmet Automotive has received the necessary regulatory permits to complete the Karmann roof business acquisition. The acquired business operations have been transferred to Valmet Automotiveís ownership on Nov 21, 2010. The parties have agreed not to disclose the price of the transaction.
Valmet Automotive is a provider of engineering, manufacturing and business services for the automotive industry. In 2009 the companyís net sales were EUR 56 million. It employs about 800 people. The companyís head office is in Uusikaupunki, Finland, and it has units in Frankfurt, Germany, and Gothenburg, Sweden. A new unit will be opened this year in the United States. Valmet Automotive is a subsidiary of Metso Corporation.
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