May 7, 2019

The daily brief: 7 May 2019

Neverthink CEO Aviv Junno (left), said it felt unbelievable to win amidst such serious competition.
Neverthink CEO Aviv Junno (left), said it felt unbelievable to win amidst such serious competition.
Elisa Häggström

All the daily Finnish business news that works: Finnish companies Medixine, Beneq, Treon, Neverthink and Belgian company Recticel’s factory opening in Finland are making headlines.

Finnish company Medixine provides a remote monitoring solution to Linde, Finnish companies Beneq and Treon have secured significant coin, and Finnish startup Neverthink has won a Google award. Belgian company Recticel is also opening a new factory in Finland, while our feature article discusses Finnish company Megical’s aviation-inspired risk management system for medical care.

Recticel opens factory in Mäntsälä

Belgian company Recticel’s insulation division has today opened its new polyurethane (PIR) boards factory in the Finnish municipality of Mäntsälä. The approximately 26 million-euro investment will bring a significant employment and wellbeing boost to the region. The Belgian company looks to expand from Finland to the thermal insulation markets in the Nordics, Baltics and St. Petersburg amid tightening regulations that favour the qualities of PIR boards. The Invest in Finland division of Business Finland and Invest in Mäntsälä were closely involved in bringing the new factory to Finland.

Medixine to collaborate with Linde

Finnish company Medixine has partnered with multinational company Linde to offer its remote monitoring solution to Linde’s homecare services. Linde had been looking for a system that could cater for all components of remote monitoring, including devices, connectivity, cloud software and services. The deliveries are expected to begin during the spring.

Beneq boosted with 20 million euros

Finland-based technology company Beneq has received a 20 million-euro investment from its Chinese owner, SRI Intellectual. Beneq develops atomic layer deposition (ALD) solutions and thin-film electroluminescent displays, especially targeting the semiconductor and automotive industries. The substantial, fresh capital will speed up the company’s product development.

Treon secures one-million-euro funding

Tampere-based company Treon has raised one million euros in seed funding from a strong group of angel investors and leading early-stage investment fund VC Ventech. Treon develops smart wireless devices and a hardware platform for Internet of Things (IoT) solutions. The funding will boost the Finnish startup’s product development and bring its current device portfolio to market.

Neverthink wins at Google Play Awards

Finnish video content startup Neverthink was awarded at the Google Play Awards organised on Monday in California, the US. The Helsinki-based startup won the category of Best Living Room Experience for its curated streaming service for YouTube videos. Neverthink has grown explosively since its global launch and been picked up by some of the world’s largest companies, including Apple and Samsung.

 

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

Recticel's new PIR boards factory in Mäntsälä opened today.

Recticel’s new PIR boards factory in Mäntsälä opened today.

Business Finland

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