July 21, 2017 9:47 AM ET

Automobiles

Company Overview of Valmet Automotive Inc.

Company Overview

Valmet Automotive Inc. provides automotive engineering, vehicle manufacturing, convertible roof system, and related business services for the automotive industry. The company specializes in premium cars, convertible roof systems, and electric and hybrid vehicles. Its product development services include styling, concept and packaging, concept building, and serial engineering and prototyping, as well as testing, validations, and homologation. Valmet Automotive Inc. was formerly known as Saab-Valmet Oy and changed its name to Valmet Automotive Inc. in 1995. The company was founded in 1968 and is based in Uusikaupunki, Finland. It has production sites in Uusikaupunki, Finland; Osnabrück, German...

Autotehtaankatu 14

PO Box 4

Uusikaupunki,  23501

Finland

Founded in 1968

Phone:

358 2048 48111

Fax:

358 2048 48009

Key Executives for Valmet Automotive Inc.

Chief Executive Officer and Acting President Roof Systems
Chief Financial Officer
Executive Vice President of Manufacturing
Senior Vice President of Engineering Services
Senior Vice President of Engineering Services
Age: 60
Compensation as of Fiscal Year 2017.

Valmet Automotive Inc. Key Developments

Valmet Opens Four Performance Centers, Launches New Industrial Internet Offering

Valmet has opened four performance centers for energy, pulp, paper and board and tissue customers. Valmet has also launched anew industrial internet offering and signed a partnership agreement with software and services firm Tieto. To offer industrial internet offering to its customers, Valmet is building an Industrial Internet solution ecosystem that brings several industry players together. The four performance centers will serve as the customer's channel to all Valmet Industrial Internet applications and services. By contacting the centers, customers will get real-time support from Valmet experts and remotely monitor their processes. The centers offer data discovery and big data analysis services depending on agreed targets.

Mercedes-Benz Extends Contract Manufacturing Agreement with Valmet Automotive

Mercedes-Benz has extended its contract assembly agreement with Valmet Automotive. Mercedes-Benz said Valmet Automotive's Uusikaupunki plant will produce the next generation of Mercedes-Benz-branded compact cars. Valmet Automotive's Uusikaupunki plant will work as an add-on production site for compact cars while Mercedes-Benz's Rastatt plant in Germany will continue to be the lead site for compact vehicles.

Valmet Automotive Appoints Ulrich Hackenberg as Board of Director

Dr. Ulrich Hackenberg, who has made a long career in the Volkswagen Group, has joined the Valmet Automotive Board of Directors. During his career, Dr. Hackenberg has worked in managerial product development duties at Audi, Volkswagen and Bentley. Between the years 1985 and 1998 he served, inter alia, as a member of the top management on such projects as the Audi A4, A6, A8 and TT. He then moved to Volkswagen until 2002 where he was responsible for the body development, safety and concept vehicles. Between the years 2003 and 2007 he carried out similar tasks incl. electric/electronics at Audi, before leading from 2008 the Volkswagen Brand's R&D team. In addition to the product development of the conventional vehicles, Dr. Hackenberg has been responsible for the development of hybrid and electric cars, as well as the development of the Paris-Dakar and Le Mans racing cars. Since 2007 he has also worked with several organizations as a professional board member. Dr. Ulrich Hackenberg joined the Valmet Automotive Board of Directors on August 10, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 30, 2017
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