Kemira sold Galvatek to Folmer Equity Fund I Ky

18-Oct-2011 - Finland

Kemira has sold Oy Galvatek Ab to Finnish capital investment company Folmer. Galvatek's services include planning surface and waste water treatment plants, project management and providing of maintenance services. Galvatek's headquarter is in Lahti, Finland and its subsidiary is located in Poland.

The transaction does not have any significant impact on Kemira's financial figures, and the parties have agreed not to disclose the transaction price.

In accordance with its strategy, Kemira focuses on water chemistry and on products and applications for water-intensive industries, such as pulp and paper, oil and mining, municipal and other industrial water treatment.

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