Did Valeo break ground on $225 million high tech plant in McAllen Texas for software-defined vehicle technology?

Written by Admin | Last Updated: July 2026

Valmet did not buy Siemens AG, but it did acquire the Process Gas Chromatography business of Siemens AG. The acquisition agreement was announced in July 2023, with a transaction value of 102.5 million Euros. The deal, which was finalized in 2024, allowed Valmet to integrate the Siemens Maxum II gas chromatograph platform and associated systems into its own automation segment, enhancing its process analyzer capabilities.

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