---
title: Press release_Valmet and Körber have closed the joint venture to advance digital offering to the tissue industry
description: "Press release: Valmet and Körber have closed the joint venture to advance digital offering to the tissue industry"
---

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PRESS RELEASE

# Körber seals agreement with Valmet to further advance FactoryPal

Hamburg  – [Valmet](https://www.valmet.com/) and [Körber](https://www.koerber.com/en/) have, on August 1st 2024, closed the [earlier announced agreement](https://resources.factorypal.com/press-release-koerber-and-valmet-partner-in-joint-venture-to-advance-digital-solution-factorypal?hsLang=en) to further strengthen the digital solution FactoryPal. FactoryPal is a unique software developed to improve shop floor manufacturing performance and productivity. 

After the closing of the agreement, Valmet holds the majority of the shares and FactoryPal will continue operating as an own legal entity under its existing brand. The addition of FactoryPal will further strengthen Valmet’s offering of advanced Industrial Internet solutions and digital services to support customers in the tissue industry. The agreement follows Valmet’s acquisition of Körber’s Business Area Tissue that was 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 copilot, the application leverages data and AI to transform operational challenges into opportunities, optimizing many aspects of production.

“FactoryPal is an excellent complement to Valmet’s Industrial Internet solutions and digital services. With the addition of the extensive competence and advanced digital services we can support tissue producers to take the next step in production efficiency and preventive actions. We are eager to take the next step in digitalization of tissue mills,” says Samppa Ahmaniemi, VP Tissue Converting business unit, Valmet.

“Our partnership with Valmet marks a significant step towards becoming the leading AI copilot for shop floors. By harnessing our combined expertise in machinery, process, and advanced digital and AI solutions, we are committed to deliver unparalleled customer value in Tissue and beyond,” says Nadja Hatzijordanou, CEO of FactoryPal.

“We are very proud of the successful development of FactoryPal as one of Körber’s digital ventures so far. The agreement with Valmet will open additional market and growth opportunities. I am looking very much 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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![valmet_logo_rgb](https://resources.factorypal.com/hs-fs/hubfs/valmet_logo_rgb.webp?width=2507&height=896&name=valmet_logo_rgb.webp)

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**For further information please contact: **   
Samppa Ahmaniemi, VP Tissue Converting business unit, Valmet, tel. +358 400 461 417  
Nadja Hatzijordanou, CEO of FactoryPal, email: nadja.hatzijordanou@factorypal.com 

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