After the closing of the agreement, Valmet holds the majority of the shares and FactoryPal will continue operating as an own legal entity under its existing brand. The addition of FactoryPal will further strengthen Valmet’s offering of advanced Industrial Internet solutions and digital services to support customers in the tissue industry. The agreement follows Valmet’s acquisition of Körber’s Business Area Tissue that was completed in November 2023.
FactoryPal empowers mill teams to achieve seamless operations by generating and utilizing high quality data combined with state-of-the-art user experience and advanced artificial intelligence (AI). Acting as an AI copilot, the application leverages data and AI to transform operational challenges into opportunities, optimizing many aspects of production.
“FactoryPal is an excellent complement to Valmet’s Industrial Internet solutions and digital services. With the addition of the extensive competence and advanced digital services we can support tissue producers to take the next step in production efficiency and preventive actions. We are eager to take the next step in digitalization of tissue mills,” says Samppa Ahmaniemi, VP Tissue Converting business unit, Valmet.
“Our partnership with Valmet marks a significant step towards becoming the leading AI copilot for shop floors. By harnessing our combined expertise in machinery, process, and advanced digital and AI solutions, we are committed to deliver unparalleled customer value in Tissue and beyond,” says Nadja Hatzijordanou, CEO of FactoryPal.
“We are very proud of the successful development of FactoryPal as one of Körber’s digital ventures so far. The agreement with Valmet will open additional market and growth opportunities. I am looking very much forward to the future collaboration”, says Dr. Christian Schlögel, Körber Group Executive Board Member and responsible for the Business Area Digital.
Press release 01 August 2024