A multi-year agreement with Patria supports Valmet Automotive’s strategic transformation

Valmet Automotive and Patria have signed a new, multi-year agreement covering the manufacturing of armored vehicles at Valmet Automotive’s Uusikaupunki plant in Finland. Following the agreement, production capacity will increase to hundreds of vehicles per year.

Valmet Automotive has renewed its strategy and is offering its expertise beyond the automotive industry also to other sectors, such as the defense industry. In the changed geopolitical situation, Valmet Automotive’s expertise in industrial contract manufacturing is strongly beneficial for all of Finland.

“We are pleased with the closer collaboration between Valmet Automotive and Patria, as well as the signed agreement concerning Patria’s armored 6×6 vehicles. The agreement is an important step in Valmet Automotive’s strategic transformation and an excellent demonstration of the company’s ability to execute technology transfers quickly and reliably,” says Timo Kokkila, member of the Board of Directors of Pontos Oy and Valmet Automotive Plc.

The expanding cooperation is made possible by Valmet Automotive’s advanced serial manufacturing expertise accumulated over the decades. The company’s long experience in contract manufacturing for the most prestigious brands in the automotive industry is reflected in the exceptional quality, scalability and fast production ramp-up as well as the security of the technology transfer.

The previous cooperation agreement, signed in December 2025, covered the technology transfer of Patria’s armored 6×6 vehicles and manufacturing of the first vehicles. The newly signed multi-year agreement is a continuation of the earlier cooperation

The commercial value of the cooperation will not be disclosed. Taking the entire subcontractor network in Finland into account, the collaboration generates employment for approximately 240 people per 100 vehicles.

The Finnish state owns 79 percent of Valmet Automotive, and Pontos owns 21 percent.

Additional information:

Timo Kokkila, member of the Board, Pontos Oy, timo.kokkila@pontos.fi, tel. +358 10 239 6359

Pontos Group is a Finnish family office investing widely in different asset classes, with a focus on real estate and private equity investments. The company is committed to the long-term development of its portfolio companies in its operating areas in Finland, Estonia, the Netherlands and Portugal.

Valmet Automotive, founded in 1968 in Finland, is a company focused on industrial contract manufacturing, serving particularly defense and vehicle manufacturing industries in Europe. The operations of Valmet Automotive’s subsidiary concentrate on convertible roof and kinematic systems. Valmet Automotive Group operates in Finland, Germany, and Poland. Valmet Automotive’s greenhouse gas emission reduction targets are externally validated by Science Based Targets initiative. Company’s gross sales in 2025 amounted to EUR 984.3 million and net sales were EUR 325.5 million.

Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Nammo, and together these three companies form a leading Nordic defence partnership.