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Valmet Automotive (formerly known as Saab-Valmet) is a contract manufacturer and service provider for the automotive industry. The company offers services in automotive engineering, vehicle manufacturing, emobility solutions as well as in kinematic and convertible roof systems.
|Industry||Automotive industry |
Engineering service provider
|Founded||1968Uusikaupunki, Nystad, Finlandin|
|Olaf Bongwald (CEO)|
|Products||Automobiles, battery packs, automotive roof and kinematic systems|
|Revenue||€663 million (2018)|
|€17.8 million (2018)|
|Owners||Pontos Group (38,46%), |
Government of Finland (38,46%),
Contemporary Amperex Technology (23,08%)
Number of employees
|6,000  (2018)|
Valmet Automotive’s focus areas of expertise are premium cars, convertibles, electric vehicles. The company has 6,000 employees in Finland, Germany, Poland and Spain. The headquarters are located in Uusikaupunki, Finland. The majority of the company is owned by Pontos Group and Finnish government-owned holding company Tesi. A minority shareholder is the market-leading EV battery manufacturer Contemporary Amperex Technology.
In manufacturing, Valmet Automotive’s customer references include Mercedes-Benz, Porsche, Ford, Saab, Opel and Fisker. Valmet Automotive has had electric vehicles in series production since 2009.
In July 2012, Daimler AG and Valmet Automotive announced a manufacturing agreement for over 100,000 Mercedes-Benz A-Class vehicles at the Uusikaupunki, Finland, plant. Production began in August 2013. A contract for the production of the Mercedes-Benz GLC-Class was announced in November 2015. Manufacturing preparations involved plant restructuring worth tens of millions of euros and the hiring of around 2000 more personnel. The GLC production started in February 2017. In March 2017, Valmet Automotive announced the manufacturing contract with Daimler AG for the next generation Mercedes-Benz compact cars.
The roof systems business line’s customer references include Mercedes-Benz, BMW, Mini, Renault and Bentley. The engineering office is located in Osnabrück, Germany, and the manufacturing plant in Zary, Poland.
In October 2018 the German manufacturer BASF announced that they would build a component factory for car batteries only 80 km from the Valmet Automotive car factory.
Saab-Valmet was established in 1968 as a joint venture of Finnish Valmet and Swedish Saab-Scania. The automotive plant was placed in Uusikaupunki, Finland. In 1992 Valmet became the sole owner, and the company was renamed Valmet Automotive in 1995. From 1999 to 2010, the sole owner was Metso, after which Finnish Industry Investment and Pontos Investments bought 34% of the company's shares. On November 4, 2010, Valmet Automotive bought Karmann’s roof-component sections in Osnabrück, Germany, and Zary, Poland. The acquisition made Valmet Automotive one of the three biggest roof system manufacturers in the world. In January 2017, CATL became a 23,08% minority stakeholder in the company, the other shareholders being Pontos and Tesi (Finnish Industry Investment). Soon thereafter, in March 2017, Valmet Automotive concluded the acquisition of Semcon's automotive engineering services in Germany and Spain, increasing its number of engineers to over 1000.
- Mercedes-Benz (2013–present)
- Saab (1969–2003)
- Talbot (1979–1987)
- Opel (1991–1997)
- Lada (1996–1998)
- Porsche (1997–2011)
- Garia electric golf car (2009–2011)
- Think electric car (2009–2011)
- Fisker Automotive (2011–2012)
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- "Valmet Automotive announces a Letter of Intent for an Assembly Contract with Fisker Automotive". Valmet Automotive.
- chdut says: (2012-03-10). "Marussia B2 to be Produced by Valmet in Finland". Gtspirit.com. Retrieved 2012-05-30.CS1 maint: extra punctuation (link)
- Turtiainen, J.: Valmet Automotive ryhtyy tekemään Marussia B2-urheiluautoja, Kauppalehti, 05.03.2012.
- "Valmet Automotive receives manufacturing contract for Mercedes-Benz GLC". Valmet Automotive. 2015-11-26. Retrieved 2016-09-24.
- "Valmet Automotive will manufacture also the next generation Mercedes-Benz compact cars" (Press release). 2017-03-22. Retrieved 2017-12-18.
- "Company history". Valmet Automotive.
- "Pontos and Finnish Industry Investment to develop Valmet Automotive with Metso; First step is the acquisition of Karmann´s convertible roof business". wallstreet-online.de. 2010. Retrieved 2010-11-06.
- Forsell, Tuomas (2017-01-30). "Chinese battery maker CATL buys stake in Finnish car supplier". Reuters. Retrieved 2017-06-17.
- "Mercedes-Benz Classe-A sarà prodotta anche dalla Valmet". Archived from the original on 2013-11-02. Retrieved 2012-07-25.
- "Porsche's Finnish success story: 227,890 Boxsters and Caymans". valmet-automotive.com. 2011. Retrieved 2011-05-02.
- "THINK City production starts at Valmet Automotive". valmet-automotive.com/automotive. Retrieved 2009-12-11.