June 24, 2019

The daily brief: 24 June 2019

KONE will deliver escalators and elevators to the Westfield Hamburg-Überseequartier development in the transformed HafenCity district of Hamburg.
KONE will deliver escalators and elevators to the Westfield Hamburg-Überseequartier development in the transformed HafenCity district of Hamburg.
Westfield Hamburg

All the daily Finnish business news that works: Silo.AI, Kalmar, Raute and KONE make headlines.

Silo.AI has raised serious capital for its European expansion, Kalmar reaches another landmark in the electrification of its machinery fleet, Raute has opened a new service centre in Russia, and KONE equips an urban mixed-use development in Hamburg with lifts and escalators.

Silo.AI raises EUR 10 million

Finnish startup Silo.AI has raised 10 million euros in a funding round, partly from angel investors, as well as from the Business Finland Growth Engine program. Founded in 2017 in Helsinki, Silo.AI has grown to become the largest private AI services provider in the Nordics and plans to use the funding to extend its platform and ecosystem to achieve a leading position in Europe. The Finnish startup has a team of 40 AI experts who build end-to-end AI solutions and provide AI consultant services to clients.

Finnish startup Silo.AI has raised 10 million euros in funding from angel investors and the Business Finland Growth Engine programme. Founded in Helsinki in 2017, Silo.AI has grown to become the largest private AI services provider in the Nordics. It now plans to use the funding to extend its platform and ecosystem in order to achieve a leading market position in Europe. The Finnish startup has a team of 40 AI experts who build end-to-end AI solutions and provide AI consulting services to clients.

Business Finland

Kalmar to deliver industry-first fully electric reachstacker

Kalmar, part of Cargotec, has secured the first delivery agreement for its fully electronic reachstacker with Dutch-based global logistics provider Cabooter Group. The Kalmar Electric Reachstacker is powered by advanced lithium-ion battery technology and will be taken into use by Cabooter in 2021. It is set to be trialed at Cabooter’s Venlo logistics hub in the Netherlands, where Kalmar Eco Reachstackers are already operating. Kalmar is committed to electrification of its industrial machinery portfolio by 2021, which enable customers to reduce fuel costs and comply with increasingly strict airborne and noise emissions standards.

Kalmar, part of Cargotec, has signed the first delivery agreement for its fully electronic reachstacker with Dutch-based global logistics provider Cabooter Group. The Kalmar Electric Reachstacker is powered by advanced lithium-ion battery technology and will be inaugurated by Cabooter in 2021. It is set to be trialled at Cabooter’s logistics hub in Venlo, the Netherlands, which is already equipped with Kalmar Eco Reachstackers. Kalmar is committed to the complete electrification of its industrial machinery portfolio by 2021, enabling customers to reduce fuel costs and comply with increasingly strict airborne and noise emissions standards.

Kalmar

Raute opens new service centre in Russia

Finnish technology and service company Raute has inaugurated its new service center in Kirov, Russia. The Kirov Service Center is the Finnish company's second in Russia, which will provide maintenance and spare parts delivery services for the growing veneer, plywood and LVL industries in the region. There are more than 10 plywood mills within a 400 kilometre radius of Raute's new service center.

Finnish technology and service company Raute has inaugurated a new service centre in Kirov, Russia. The Kirov Service Center is the Finnish company’s second in Russia and will provide maintenance and spare parts delivery services for the growing veneer, plywood and LVL industries in the region. There are more than 10 plywood mills within a 400-kilometre radius of Raute’s new service base.

Raute

KONE wins large order in Hamburg’s HafenCity district

KONE will deliver 177 elevators and escalators to the Westfield Hamburg-Überseequartier urban mixed-use development in the HafenCity district in Hamburg, the largest urban renewal program in Europe. Westfield Hamburg-Überseequartier is made up of 14 buildings that house approximately 650 apartments, offices for around 4 000 workers, three hotels, restaurants, retail and cultural space. It will also include a cruise liner terminal and underground bus station.

KONE will deliver 177 lifts and escalators to the Westfield Hamburg-Überseequartier urban mixed-use development in the HafenCity district in Hamburg, the largest urban renewal programme in Europe. Westfield Hamburg-Überseequartier is made up of 14 buildings that house approximately 650 apartments, offices, three hotels, restaurants, and retail and cultural space. It will also include a cruise liner terminal and underground bus station.

Westfield Hamburg

Good News from Finland is published by Finnfacts, which is part of Business Finland.

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