March 01, 2011

Valmet Automotive elevates to global top 3 in car roof systems

The renowned provider of automotive related services, Valmet Automotive, is now among the three largest manufacturers of car roof systems in the world. The recent acquisition of former Karmann’s convertible roof business fits perfectly to Valmet Automotive’s strategy and complements the product portfolio.

The roof systems acquisition shifts the focus of Valmet Automotive strongly towards international operations. The number of company personnel grows by 700 professionals, working in engineering and manufacturing positions in Germany and Poland. Since 2000, the acquired plants have produced 1.2 million roof systems for global markets.

“The roof systems acquisition is in line with our company strategy. We intend to expand internationally and position ourselves as a leading service provider for the automotive industry. Roof systems will not cause overlaps with our other activities, but supports perfectly our knowhow in convertibles. We consider the roof systems highly potential, and our target is to extend our current 25á% global market share to 30á% by 2012”, says Ilpo Korhonen, President, Valmet Automotive.

The roof systems for convertibles are an important addition to Valmet Automotive’s service portfolio. The company is now a provider of automotive engineering, vehicle manufacturing, convertible roof systems and related business services. The new business line also strengthens the engineering resources and technical in-house knowhow at Valmet Automotive.

The roof systems complement Valmet Automotive’s service offering in convertible engineering and manufacturing services, particularly in component manufacturing. Valmet Automotive has special expertise in open vehicles, with a significant role in both product development and production of convertibles. With 370,000 open cars manufactured, Valmet Automotive is one of the most experienced European producers of premium convertibles.

Currently, Valmet Automotive’s roof systems customers include BMW and MINI, Daimler, Renault and Bentley.

Further information:
Teija ┼hlman, VP Communications, Valmet Automotive
Tel: +358 20 484 8060
Email: teija.ahlman@valmet-automotive.com

Valmet Automotive is an experienced provider of automotive engineering, vehicle manufacturing, convertible roof systems and related business services. Our special areas of expertise are premium cars, convertibles and electric vehicles. We employ 1,600 professionals in Finland, Germany, Poland, Sweden and the USA.