May 22, 2019
The daily brief: 22 May 2019
Solita continues its Nordic expansion by joining forces with Swedish data consultancy firm Sparks.
All the daily Finnish business news that works: DelSiTech, Solita and the City of Mikkeli make headlines.
Finnish healthtech company DelSiTech has secured a Bill & Melinda Gates Foundation grant, Finnish city Mikkeli and St. Petersburg are engaging in a cross-border tech startup collaboration, and Solita is strengthening its position in the Nordics by acquiring Sparks.
Turku-based drug delivery and drug development company DelSiTech has secured significant funding from the Bill & Melinda Gates Foundation for the development of long-acting release delivery solutions for injectable contraceptives and HIV antivirals. The company’s technology provides stability for the drug substance and a controlled long-acting release that enables longer treatment periods and fewer injections.
The City of Mikkeli’s development company, MikseiMikkeli, has entered into a collaboration agreement with St. Petersburg’s Technopark of Saint-Petersburg with the purpose of supporting cross-border co-operation between tech startups. The partnership offers Mikkeli an opportunity to attract Russian businesses that are looking to enter EU markets. MikseiMikkeli is also involved in different projects of the South-East Finland – Russia CBC cross-border development programme.
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Finnish technology, strategy and design company Solita is acquiring Swedish data consultancy Sparks. The acquisition will strengthen Solita’s presence in the Swedish market and support its goal of becoming the leading Nordic digital transformation company. Following the acquisition, Solita will employ more than 820 experts in Finland, Sweden, Estonia and Germany. Sparks reported a net revenue of 3.1 million euros in 2018, and its customer base consists of 70 active clients ranging from startups to large corporations.