Valmet Automotive Plc has restructured its ownership and divested IONCOR Ltd in a strategic move to focus on expanding its contract manufacturing business, with support from the Finnish State and co-investors.

Information on the Target

Valmet Automotive Plc, a premier player in the global vehicle contract manufacturing sector, is strategically positioning itself for expansion beyond the automotive landscape. The company has embarked on significant modifications to its ownership structure, which include the sale of IONCOR Ltd, a former subsidiary specializing in battery systems, to Finnish Minerals Group and its co-investors. Following this divestiture, Valmet Automotive aims to redirect its focus toward enhancing its core business areas of vehicle contract manufacturing (VCM) and roof and kinematic systems (RKS).

Industry Overview in Finland

The automotive and manufacturing industries in Finland are undergoing substantial transformation, particularly with increased emphasis on innovation and sustainable practices. Finland, known for its robust engineering capabilities and technological advancement, is home to several key players in the automotive sector who are integrating into the broader context of contract manufacturing.

As the global automotive market shifts towards electric and hybrid vehicles, Finnish manufacturers are adapting by diversifying into related sectors such as battery production and renewable ene