Valmet and Körber finalized their previously announced agreement on August 1, 2024, to enhance the digital solution FactoryPal.
FactoryPal, a unique software, is designed to improve shop floor manufacturing performance and productivity.
With the closure of this agreement, Valmet now holds the majority of shares, and FactoryPal will continue to operate as a separate legal entity under its existing brand. This addition will further bolster Valmet’s suite of advanced Industrial Internet solutions and digital services, particularly benefiting customers in the tissue industry. This move follows Valmet’s acquisition of Körber Business Area Tissue, 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 co-pilot, the application leverages data and AI to transform operational challenges into opportunities, optimizing various aspects of production.
“We are very proud of the successful development of FactoryPal as one of Körber’s digital ventures. The agreement with Valmet will open additional market and growth opportunities. I look forward to the future collaboration,” says Dr. Christian Schlögel, Körber Group Executive Board member and responsible for the Business Area Digital.
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