Patria signs a Letter of Intent with Valmet Automotive to join in armoured vehicle production and testing
Patria Land Oy (‘Patria’) and Valmet Automotive Oyj (‘Valmet Automotive’) have signed a Letter of Intent (‘LOI’) on manufacturing and testing armoured vehicles at Valmet Automotive’s facility in Uusikaupunki, Finland.
Patria’s Protected Mobility business, which includes the Patria 6x6, Patria AMV XP, and Patria TRACKX armoured vehicle programmes, has grown significantly in recent years. Accordingly, Patria has substantially increased its own production and is investing in its facilities in Hämeenlinna, Finland and Valmiera, Latvia, while continuing to promote its technology transfer and local manufacturing concept.
“Patria is focused on delivering to existing customers and boosting production capacity to meet rising demand for Patria’s armoured vehicles. Patria’s production levels are well positioned to fulfill all existing orders; however, we are seeking additional capacity. Therefore, Patria is now considering a partnership also with Valmet Automotive in manufacturing our armoured vehicles,” says Patria’s Jussi Järvinen, Executive Vice President of Protected Mobility.
“The Letter of Intent with Patria on manufacturing and testing armored vehicles is a concrete demonstration of the progress of our strategy extending beyond the automotive industry. We are pleased that our expertise is in demand also in other industries that require high technological capabilities. This Letter of Intent is a major first step for us in contract manufacturing in the defense sector,” says Pasi Rannus, CEO of Valmet Automotive.
Technology transfer and local manufacturing are integral to Patria’s business model. Through the Common Armoured Vehicle System (CAVS) programme alone, Patria has already received orders for nearly 1,000 Patria 6x6 vehicles. While the CAVS programme utilises local industry via technology transfer to support security of supply, Patria currently manufactures vehicles in Finland and in Latvia and by local partners in Poland and Slovakia. Technology transfer is underway for German CAVS 6x6 and Japanese AMV XP 8x8 programmes.
Final agreements are being negotiated.
Further information:
Sirje Ahvenlampi-Hyvönen, Vice President, Group Communications, Patria, tel. +358 50 557 3822, [email protected]
Jussi Järvinen, Executive Vice President, Protected Mobility, Patria, puh. +358 40 869 66 25, [email protected]
Protected Mobility: www.patriagroup.com/products-and-services/protected-mobility
Patria is a modern and international defence and technology company with over 100 years of experience. Through our top-notch experts and Protected Mobility, Defence and Weapon Systems and Sustainment Solutions business areas, we ensure reliable operations for our customers and serve as a partner in critical functions on land, sea and air - when if is not an option. Patria has offices in Finland, Sweden, Norway, Belgium, the Netherlands, Germany, Latvia, and Japan.
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. www.patriagroup.com
Valmet Automotive is one of the leading vehicle contract manufacturers in the world, and one of the largest European manufacturers of convertible roof and kinematic systems, including electric vehicle charging flaps and active spoilers. The company offers its expertise also beyond the automotive industry. Since its founding in 1968 in Finland, Valmet Automotive has produced over 1.9 million vehicles at its car plant in Uusikaupunki, Finland. The vehicle contract manufacturing operations are located in Finland. The convertible roof and kinematic systems operations are located in Poland and Germany. Valmet Automotive’s greenhouse gas emission reduction targets are externally validated by Science Based Targets initiative. Valmet Automotive’s gross sales in 2024 amounted to EUR 2.3 billion and net sales were EUR 511.4 million.
