Finnish firms Valmet Automotive and Patria Land have entered into a cooperation agreement for the technology transfer and production of armoured vehicles.
Transfer of technology commences immediately, with manufacturing of armoured vehicles to take place at Valmet Automotive’s plant in Uusikaupunki, Finland.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The first Patria vehicle produced under this agreement will be manufactured at Valmet Automotive’s facility in the second half of 2026.
Neither party has disclosed the commercial value of the agreement.
Valmet Automotive CEO Pasi Rannus said: “We are excited to start our cooperation with Patria. This agreement marks an important milestone in the implementation of our new strategy.
“We will now have the opportunity to demonstrate in practice that our decades-long contract manufacturing expertise represents an exceptionally high level of quality and is well-suited for serial production of a wide range of products. This partnership with Patria also brings together two strong domestic players.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe cooperation agreement follows a letter of intent (LoI) signed by the two companies in October 2025.
The LoI covered the manufacturing and testing armoured vehicles at the Uusikaupunkifacility.
Valmet Automotive provides the defence sector with manufacturing capabilities for technologically complex products and the capacity to rapidly scale up production for its customers.
The company registered €2.3bn ($2.6bn) in gross sales and €511.4m in net sales in 2024.
Patria protected mobility business area executive vice president Jussi Järvinen said: “Patria is pleased with the smooth and rapid progress of the cooperation with Valmet Automotive. While Patria’s production is at a very good level for delivering all existing and anticipated orders, we are nevertheless seeking additional capacity, especially for future demand. Technology transfer is a natural part of Patria’s business model, and this is the first and important step also in cooperation with Valmet Automotive.”
