Valmet Automotive aims at record-breaking volumes - changes in ownership
Valmet Automotive expanded its business considerably in 2014. The daily production pace of the Mercedes-Benz A-Class at Uusikaupunki plant had significant rise throughout 2014, with the company turnover exceeded 300 million Euros.
Valmet Automotive and RLE International strengthen their existing partnership
Valmet Automotive and RLE International, both leading service providers to the global automotive industry, have further strengthened their existing partnership to provide a flexible one stop solution.
Tallink and MEYER TURKU signed a Contract for a New Generation LNG powered Fast Ferry
AS Tallink Grupp and Meyer Turku Oy signed a contract for the construction of LNG powered fast ferry for Tallinn-Helsinki route shuttle operations. The fast ferry will cost around 230 million euros and will be built at Meyer Turku shipyard for delivery in the beginning of 2017.
Eagle Industries closes transaction of Kotkamills Oy
Kotkamills Oy has a new owner. Eagle Industries Oy was founded for this acquisition. Eagle Industries Oy is owned by MB Funds, Nordic Mezzanine, Elo Mutual Pension Insurance Company, Finnish Industry Investment and company management.
The European Investment Fund and Finnish Industry Investment provide capital for Finnish companies’ international growth
The European Investment Fund (EIF) has made significant investments in Finnish venture capital and private equity funds together with Finnish Industry Investment. EIF’s EUR 300 million commitment to Finnish funds demonstrates its engagement for SME financing in the country.
Nordic call center SaaS company LeadDesk raises €5.5 million in Series A funding
LeadDesk, the Finnish SaaS company serving the European call center industry, has raised €5.5 million in its first round of funding led by Dawn Capital with participation from Finnish Industry Investment in order to drive new market growth.
Aidon wins the largest smart metering contract in Northern Europe
Hafslund Nett, Norway's largest power grid operator, has selected Aidon to supply and implement an Automatic Metering Infrastructure (AMI) solution for its 700 000 customers in the region of Oslo and 33 surrounding municipalities.
Finnish Industry Investment’s share capital raised by MEUR 105
The Finnish government authorised the Ministry of Employment and the Economy to subscribe for new shares and to raise Finnish Industry Investment’s share capital by MEUR 105. The share issue relates to three investment programmes: recapitalisation of the FoF Growth II fund, the Industrial Renewal investment programme, and a new investment programme aimed at attracting international venture capital and private equity investment.
Meyer becomes 100% owner of Turku shipyard
The Meyer family, operating the shipbuilding company Meyer Werft in Germany, and the Finnish State acquired Turku shipyard from STX Europe in September 2014. In the case of the Turku shipyard, it was agreed that Meyer had a call option to buy FII’s minority stake in the shipyard.
Mahindra Holidays to increase stake in Holiday Club Resorts Oy
A Committee of Directors of the Board of Mahindra Holidays & Resorts India Limited (MHRIL), India’s leading leisure hospitality provider, approved the exercise of its option to increase its stake in Holiday Club Resorts Oy up to ~88%.
Onbone raises €10M from international investor syndicate for the global launch of its novel casting/splinting products
Onbone Ltd, the developer of novel casting technology material, Woodcast®, has raised a total of €10 million in a financing round led by MVM Life Science Partners, with participation from Finnish Industry Investment, Finnish private investors and the existing investor Inveni Capital.
Kotkamills to manufacture high-quality folding boxboard and barrier board
Kotkamills Oy signed agreements totalling EUR 70 million on equipment deliveries for paper machine 2 to be upgraded in the summer of 2016. The deliveries will be divided between Valmet Paperikoneet Oy and Bellmer Vaahto Paper Machinery Oy.
Smart City waste logistics system provider Enevo receives $ 15.8 million funding led by Foxconn, Ginko Ventures and Mistletoe from Japan
Enevo provides a fully automated waste logistics operations management solution that creates and forecasts optimal waste collection schedules and routes that save up to 50% in costs and increases service quality by avoiding waste bin overflows and excess fleet utilization.
Open Ocean launches €100 million fund for European software companies
Open Ocean, the early stage venture firm originating in Helsinki, has today announced a €1OOm fund to accelerate the growth of Europe’s most successful software companies.
Saltex and Unisport to form a Nordic market leader in sports facilities services
Saltex Oy, a specialist in artificial turf surfaces, and Unisport Scandinavia AB, service provider for sports facilities are joining forces. The current owners of Saltex and Unisport will continue as minority shareholders alongside the majority shareholder, Finnish private equity firm Vaaka Partners, which is the initiator of the arrangement, and Finnish Industry Investment.
Valmet Automotive receives manufacturing contract for Mercedes-Benz GLC
Valmet Automotive and Mercedes-Benz have announced that Valmet Automotive will start manufacturing additional units of the Mercedes-Benz GLC SUV at the Uusikaupunki, Finland plant. The manufacturing of the GLC will commence in Finland during the first quarter of 2017.
Major equity investment in Rauma Marine Constructions
Rauma Marine Constructions Oy (RMC), a pioneer in arctic shipbuilding, will receive a major infusion of capital for further growth from three actors Finnish Industry Investment Ltd, Finda and a fund managed by Taaleritehdas. RMC’s strengthened position is yet another indication of the recovery of the Finnish shipbuilding industry.