June 4, 2019

The daily brief: 4 June 2019

Hatch and Samsung are expanding 5G cloud gaming partnership to the US.
Hatch and Samsung are expanding 5G cloud gaming partnership to the US.
Hatch

All the daily Finnish business news that works: Salcomp, Futures Platform, Hatch, Konecranes and Kuori make headlines.

Finnish electronic components manufacturer Salcomp is being acquired by Lingyi iTech, Futures Platform has raised one million euros, Hatch and Samsung are bringing 5G cloud gaming to the US, Konecranes has won a new order in the UK, and Kuori has received EU funding.

Salcomp joins forces with Lingyi iTech

Finnish electronics components manufacturer Salcomp is being acquired by Chinese company Lingyi iTech. The Chinese firm will buy all the shares in Salcomp for 88 million euros, some of which will be used to pay Salcomp’s bank debts. Founded in 1973, Salcomp manufacturers chargers and adaptors for smartphones, tablets, computers and other smart devices. In addition to Finland it operates in China, Brazil and India.

Finnish electronic components manufacturer Salcomp is being acquired by Lingyi iTech. The Chinese firm will buy all shares in Salcomp for 88 million euros, part of which will be used to pay off Salcomp’s bank debts. Founded in 1973, Salcomp manufacturers chargers and adapters for smartphones, tablets, computers and other smart devices. In addition to Finland, it has operations in China, Brazil and India.

Salcomp

Futures Platform secures EUR 1 million funding

Finnish SaaS company Futures Platform has secured one million euros in financing, which includes a loan from Business Finland and equity financing from new investors Gorilla Capital, Sangre, Anne Urrila, as well as existing investors. The funding will be used for research and development of the next generation Futures Platform product. Future Platform offers a foresight tool that enables organisations to analyse alternative future scenarios.

Finnish SaaS company Futures Platform has secured one million euros in financing, including a loan from Business Finland and equity financing from old and new investors such as Gorilla Capital, Sangre and Anne Urrila. The funding will be used for the research and development of the next-generation Futures Platform product. Futures Platform’s foresight tool enables organisations to analyse alternative future scenarios and improve decision-making procedures.

Futures Platform

Hatch and Samsung partner for 5G gaming in the US

Rovio subsidiary Hatch has teamed up with Samsung to bring 5G cloud gaming to the US. With the launch of the Hatch for Samsung game streaming app, owners of the flagship Galaxy S10 5G phone will be able to play over 100 games without any downloads, in-game purchases or limits. The purchase of a new Galaxy S10 5G phone includes one month membership of Hatch Premium. Hatch and Samsung have previously collaborated on 5G cloud gaming in South Korea.

Rovio subsidiary Hatch has teamed up with Samsung to bring 5G cloud gaming to the US. With the launch of the Hatch for Samsung game streaming app, owners of the flagship Galaxy S10 5G phone will be able to play over 100 games without any downloads, in-game purchases or limits. A one-month membership of Hatch Premium will be included in the purchase of a new Galaxy S10 5G. Hatch and Samsung have previously collaborated on 5G cloud gaming in South Korea.

Hatch

Konecranes wins new order in the UK

Finnish industrial company Konecranes has received an order for two Konecranes Noell Straddle Carriers from British company Maritime Transport. The straddle carriers will be used for loading and unloading container trains at the Birmingham Intermodal Freight Terminal in the UK. The deal also includes an option for two more straddle carrier units.

Konecranes

Kuori receives EU funding for Yetitablet

Finnish company Kuori behind the giant touchscreen Yetitablet has secured SME financing from the EU’s Horizon 2020 funding programme. The Yetitablet operates on Android and is used in various industries, from healthcare to education and offices. The EU-funding was secured with help from Manager Finland and will be used to rapidly scale up international growth.

Kuori, the Finnish company behind the giant touchscreen Yetitablet, has secured SME financing from the EU’s Horizon 2020 funding programme. Yetitablet operates on Android and is used in industries ranging from healthcare to education. The EU funding was secured with the assistance of Manager Finland and will be used to rapidly scale up international growth.

Kuori

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

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