Valmet Corporation

Valmet Corporation

Valmet Corporation’s legal department currently consists of 24 employees, who have evolved from a support function to a key business partner working in a very proactive manner alongside management. Valmet, a Finnish developer and supplier of technologies, automation systems and services for the pulp, paper and energy industries, has been in operation for over 200 years. The legal team has been crucial to the company’s continued success in the face of various compliance and governance issues. To combat these challenges the in-house team has created a mandatory e-learning program and code of conduct for the business, raising awareness of the necessary requirements. The updated code of conduct resulted in greater efficiency from employees in addition to providing a more in-depth understanding of various other areas of the business, such as matters surrounding health and safety and sustainability. In 2015 Valmet’s legal department played an instrumental role in the acquisition of a process automation business from Metso Corporation, valued at approximately €340m. Support was provided by the legal department from the initial planning phase to the post-closing process, providing the company with immediate tangible strategic benefits.