ABB to buy Lorentzen & Wettre to strengthen pulp and paper business

摘要

ABB has agreed to acquire Lorentzen & Wettre (L&W) for SEK 750 million, to strengthen its business in the pulp and paper area. Lorentzen & Wettre manufactures equipment for quality control, process optimisation and test instrumentation for the pulp and paper industry. It has production facilities in Kista and Kajaani, Finland, and sales and service offices across Europe and in Canada, China, Japan, Singapore and the US. The company has approximately 190 employees, and will be incorporated into ABB's Process Automation division.