paper rewinding business. The net sales of the 33-employee unit in Pescia, Italy, has remained steady at EUR 10 million in recent years. In the beginning of 2019, Valmet acquired North American-based GL&V for EUR 113 million. GL&V supplied technologies, upgrades and optimization services, rebuilds, and spare parts for the pulp and paper industry, especially in the areas of chemical pulping, stock preparation, papermaking, and finishing. The acquired operations employed about 630 people and the net sales were approximately EUR 160 million. In May 2019, Valmet acquired American J&L Fiber Services Inc., which employed about 100 people in Wisconsin, USA, with net sales of approximately EUR 30 million. J&L Fiber was a manufacturer and provider of refiner segments to the pulp, paper and fiberboard industry. The enterprise value of the acquisition was approximately EUR 51 million. Both of the acquired companies became a part of Valmet's Services business. In September 2019, Valmet announced building a new pilot facility at its Fiber Technology Center in Sundsvall, Sweden to strengthen the company's research and development capabilities related to bioenergy, biofuels, and biochemicals. The new pilot facility comprises new pilot equipment called “BioTrac”, which uses Valmet DNA control system. Valmet 2020– Main article: Neles At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 percent to Valmet. In mid-July, the Swedish company Alfa Laval made an offer to buy Neles. Valmet’s CEO Laine rebuked the board of Neles for ill-advised actions and accepting a price that was too low. Laine had previously managed the business operations of Neles and thought that Valmet could in time have bought more of its stock. Alfa Laval’s CEO said that they had bought Neles at a “pandemic discount,” and the front page of the Swedish financial newspaper Dagens Industri celebrated the fact that Sweden would soon own Finland’s industry. Valmet started buying Neles stock. By the fall, Valmet owned nearly 30 percent of the stock. Alfa Laval only received the support of a third of Neles owners for its takeover bid, and withdrew from the competition in November. In January 2021, Valmet reported that it would supply the mills of the Swedish company Renewcell with equipment to produce dissolving pulp from recycled clothes and textiles. In May, Valmet announced that it would deliver drying technology to Spinnova, which produces textile fiber from cellulose. Valmet equipment for the