Blockchain Press Releases
Valmet strengthens its automation offering by acquiring the Process Gas Chromatography business of Siemens AG
ESPOO, Finland, July 17, 2023 /PRNewswire/ — Valmet entered into an agreement on July 14, 2023, to acquire the Process Gas Chromatography business of Siemens AG. The value of the acquisition is EUR 102.5 million on a cash and debt-free basis subject to customary adjustments. The acquisition is estimated to be completed on April 1, 2024, at the earliest, upon completion of carve-out measures and customary closing conditions.
Siemens Process Gas Chromatography business in brief
The Process Gas Chromatography business of Siemens AG is a market leader with its Maxum II Gas Chromatograph platform, Systems Integration, and Customer Services offering. Gas Chromatographs are used to measure the chemical composition in gases and evaporable liquids in all stages of production. With deep customer process knowledge in chemicals, liquefied natural gas (LNG), refining and biofuels, the business provides critical process insights to support its customers in ensuring and improving quality, sustainability, and safety worldwide.
In 2022, net sales of the business amounted to approximately EUR 120 million and pro-forma adjusted EBITDA margin was approximately 10%. The business employs around 300 people, and its main locations are in the USA, Germany, and Singapore.
The acquisition is in line with Valmet’s strategy and will further strengthen Valmet’s automation segment and process automation offering with process industry gas chromatograph and process analyzer systems offering. It also strengthens Valmet’s Automation Systems business footprint in North America, Asia-Pacific, and Europe. Valmet and Siemens will work closely together over the coming months to ensure a smooth transition, thereby maintaining a strong customer orientation and operational continuity. The acquired business is planned to be integrated into Valmet’s Automation Systems business line as a separate business unit.
“Siemens’ Process Gas Chromatograph Maxum II products, systems and services offering complements well Valmet’s existing automation offering, industry reach and expertise. The Maxum brand is widely known in process industries and the products are used extensively by world’s leading industrial customers. Also, the large installed base provides further service opportunities and business stability. The business is planned to form a globally-lead business unit within the Automation Systems business line and has a joint customer base also with Valmet’s Flow Control business line. With this setup, supported by Valmet’s strong functions, we see opportunities for further profitable growth in this business. We look forward to welcoming the new colleagues from Siemens to Valmet,” says Emilia Torttila-Miettinen, President, Automation Systems business line.
“Today marks a new chapter in our 60-plus-year history of providing world-class gas chromatography products, solutions, and services to process industry customers around the world. By joining the Valmet team, we are excited to be partnering with an organization that shares many synergies with our Gas Chromatography and Integration business and a clear focus on employees and customers. We all are looking forward to exploring the many positive opportunities this partnership can bring going forward,” says Glen Irving, CEO, Siemens Gas Chromatograph & Integration Business.
Valmet has in recent years successfully expanded its Automation segment through the merger with Neles in April 2022 and the acquisition of NovaTech’s Process Solutions business in January 2023.
VALMET
Corporate Communications
For further information, please contact:
Emilia Torttila-Miettinen, President, Automation Systems business line, tel. +358 40 831 75 95
Pekka Rouhiainen, Vice President, Investor Relations, Valmet, tel. +358 10 672 0020
Liisa Palmu, Director, Marketing and Communications, Automation Systems business line, tel. +358 50 3413717
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The combined company’s net sales in 2021 was approximately EUR 4.5 billion based on the respective company figures.
Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
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View original content:https://www.prnewswire.co.uk/news-releases/valmet-strengthens-its-automation-offering-by-acquiring-the-process-gas-chromatography-business-of-siemens-ag-301878503.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced the digital payment experience for Bybit Card holders. Starting now, users in Brazil can now add their Bybit Card to their Apple Pay and make secure payments in seconds using Apple Pay’s built-in safeguards.
Since its launch in Sep. 2024, the Bybit Card recorded a 342% growth in user base in Brazil in less than a quarter. With among the highest crypto adoption rates in the world, Brazil is home to a vibrant crypto economy with growing demands for mature crypto on and off-ramp solutions.
Combining Bybit’s advanced crypto offerings and rewards, the Mastercard network’s global connectivity, and now Apple Pay’s added layers of safety and privacy standards, the Bybit Card offers a seamless and borderless crypto payment experience for Brazilian users, enabling contactless payments purchases in-store, in-app and online across Apple devices.
To set up the Bybit Card on Apple Pay, users may simply add the card to their personal Apple Wallet and access the crypto payment convenience wherever they are with their mobile devices.
The Apple Pay integration allows Bybit Card users to pay with and purchase crypto, bridging mainstream cryptocurrencies with over dozens of fiat currencies at competitive rates. This secure and convenient option incorporates the use of Apple’s Face ID, Touch ID, or passcodes alongside dynamic security codes for authentication. Valued for its safety, Apple Pay works through unique Device Account Numbers encrypted and stored in a Secure Element chip, keeping card details private and safe.
Loaded with regular cashback, flash rewards and other benefits, the Bybit Card offers a competitive option for crypto payment for everyday spendings:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
The welcome offer for Bybit Card remains available for users in Brazil: Deposit 100 USDT, Unlock 150 BRL!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576298/Bybit_Card_Now_Available_Apple_Pay_Brazil.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-now-available-on-apple-pay-in-brazil-302326227.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unlocked new perks for users in a rewarding year-end campaign. From now to Jan. 4, 2025, Bybit users may be entitled to cashback benefits by making a deposit using BCB, ZEN or BLIK on Bybit Fiat Deposit or One-Click Buy.
Offering eligible users 5 USDT in coupons, the event takes two simple steps: sign up for the event and make a deposit using BCB, ZEN or BLIK:
- New User Exclusive: Eligible users may make a first-time deposit valued at $100 or more via Bybit Fiat Deposit or One-Click Buy using any of the three channels to qualify.
- Existing User Perk: To qualify, current users must register for the event and deposit an equivalent to $500 via one of the three channels.
The coupons are distributed on a first come, first serve basis. Restrictions apply.
“The diversification of tools and access in the crypto ecosystem benefits our users and fosters healthy competition. We are committed to improving the quality and the ease of access to crypto across the industry, while crafting a rewarding experience for our users who log in daily to look after their digital assets,” said Joan Han, Sales and Marketing Director at Bybit.
Crypto adoption has been growing at a record high rate in the recent rally as more and more investors normalize diversification with digital assets. Bybit is constantly expanding its offerings and on and off-ramp experience, integrating reliable payment solutions to meet users’ diverse demands for user experiences and competitive spreads.
With Fiat Deposits and a variety of crypto trading products and services, Bybit helps plug the gap between fiat currencies and crypto investments for users with its intuitive platform, high security standards, and rewards all year round.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576328/Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-unveils-exclusive-rewards-for-crypto-deposits-via-bcb-zen-or-blik-302326213.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has brought the Bybit Card to Apple Pay for users in Argentina. Starting now, the Bybit Card can be added to Apple Pay profiles for card holders in Argentina and used across their Apple devices.
A registered virtual asset service provider and card operator in Argentina, Bybit’s Argentinian entity commenced its rapid expansion in the second largest economy in South America in Apr. 2024. Offering a wide array of services for users, Bybit has been adding new features and benefits to the growing Bybit Card community in Argentina. The Card was adopted by the majority of Bybit users in Argentina within the first two months of the virtual card launch, with more embracing its full range of capabilities on Google Pay, Apple Pay, and the physical card.
Leveraging Apple Pay’s advanced security and privacy enhancing features, the new Bybit Card function makes contactless and instant crypto payment a frictionless experience whether they are purchasing online or in-store. Trusted for its safety guardrails, Apple Pay incorporates state-of-the-art verification and authentication solutions including dynamic encryption and biometrics linked to user profiles. The increasing availability of contactless payment options also makes it a convenient choice for daily purchases.
Setting up the Bybit Card in Apple Pay takes just a few minutes, and paying takes seconds, simplifying transactions seamlessly across iPhone, iPad, and Mac. Bybit Card users in Argentina now get to spend in style with Mastercard’s global network, Bybit’s diverse crypto offerings, and now the added layer of accessibility and security brought by Apple Pay.
Reinventing the crypto experience in all aspects of users’ digital asset journey, Bybit is committed to curating a rewarding experience for Bybit Card holders in Argentina:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
Application for the physical card is open for Bybit Card Argentina and applicants may be eligible for the Argentina-exclusive welcome offer until Dec. 31, 2024.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576286/Bybit_Card.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/apple-pay-supported-bybit-card-argentina-elevates-payment-experience-302326177.html
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