Based in the Kista district of Stockholm, Sweden, Lorentzen & Wettre manufactures equipment for quality control, process optimization and test instrumentation for the pulp and paper industry. It has production facilities in Kista and Kajaani, Finland, and sales and service offices across Europe and in Canada, China, Japan, Singapore and the US.“This acquisition will nicely complement our existing portfolio of pulp and paper industry offerings,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division."We are very excited to continue to develop our business as part of the global Process Automation business of ABB,” commented Patrik Stolpe, CEO of Lorentzen & Wettre.The transaction is subject to customary regulatory approvals. ABB expects the acquisition to be completed during the second half of the year.