Valmet and Neles agree on merger

Mechanical engineering firm Voith has acquired a stake in Yangi, a Swedish sustainability start-up. The two parties signed a purchase agreement in December 2022. Voith explains that Yangi developed a new strategy for the production of 3D-formed, cellulose-based packaging. The process is said to be based on dry forming...

Engineering, design and advisory service company Afry announced it had signed an agreement to divest its Russian subsidiary to local management. “The local ownership and operations will secure a good solution for both employees and customers,” the company explained. The transaction is subject to regulatory approvals,...

Andritz has acquired J. Parpala Oy, a Finnish company active in the maintenance and repair of environmental equipment for industrial production and power generation plants in Finland. Parpala operates sites in Kokkola and Kaskinen and runs a workshop for repairs and a warehouse for quick dispatch of spare parts,...