April 6, 2020

DAILY BRIEF: BAFTA Games Award to Finnish actor, industry, healthtech, renewables, education, acquisition and funding

Martti Suosalo takes home a BAFTA Games Award for his role as Ahti the Janitor in Control.
Twitter/Remedy

All the daily Finnish business news that works: Peikko, Nexstim, Kide Science, Huhtamaki, Lightheart Entertainment, Remedy and Finnish wind power make headlines.

Peikko Group grows in China, Nexstim wins a new order in the US, Ardian invests in a Finnish wind farm, Kide Science launches an online learning tool in China, Huhtamaki acquires its joint venture in Brazil, Lightheart Entertainment raises coin, and Remedy’s Control breaks a record at BAFTA Games Awards.

Peikko signs significant agreement in China

Finland’s Peikko Group has entered into a significant agreement with Zhangjiagang Economic & Technology Development Zone (ZETDZ) to strengthen its business in China. The first step will be to triple the size of Peikko’s factory in the city of Zhangjiagang to 15 000 square metres in total. The Finnish company will increase its capacity for DELTABEAM composite beams and precast connections to meet demand in Asia Pacific and China itself. Peikko will also systematically invest in research and development in China, as the country is moving towards greener construction solutions.

Peikko

Nexstim receives new NBS system order from US hospital

Finnish medical technology company Nexstim has received an order for a navigated brain simulation (NBS) system from a large paediatric hospital in the US. Using Nexstim’s SmartFocus technology, the system is capable of accurately stimulating targeted areas in a patient’s brain and allows for a non-invasive and accessible way to determine the location of tumours and lesions in relation to essential functions, such as movement and speech. This kind of information can be crucial in deciding the best treatment option.

Nexstim

Finnish wind farm acquired by Ardian

French investment firm Ardian has acquired the Lakiakangas wind farm in Isojoki, Finland, from CPC Germania’s subsidiary CPC Finland. The wind farm currently consists of 14 wind turbines with a production capacity of 57 megawatts, which can be increased to 91 megawatts with six new turbines. Lakiakangas is the first investment made in Finland by Ardian, which is Europe’s largest private investment firm.

Unsplash

Kide Science launches new online tool with Chinese partner

Finnish company Kide Science has launched a new online product in China together with Oran Bear, which has a network of 70 learning centres in the country. The product is a science adventure for families with three- to eight-year-old kids that offers different activities that can be done at home. Kide Science supports children’s scientific thinking through play-based learning and storytelling, and is co-operating with many educators in Finland and Asia.

Kide Science

Huhtamaki acquires full ownership of Brazilian joint venture

Finnish packaging company Huhtamaki has acquired full ownership of its joint venture in Brazil, Laminor. A specialist in high-quality tube laminates, particularly for oral care applications, the venture was founded in 2002 with Bemis Company, which is now part of Amcor. The acquisition will allow Huhtamaki to expand its tube laminate business, an important part of its flexible packaging offering. Laminor has around 130 employees and reported net sales of approximately 25 million euros in 2018. Huhtamaki bought the remaining shares for around 30 million euros.

Huhtamaki

Lightheart Entertainment raises EUR 1.3 million

Finnish mobile game developer Lightheart Entertainment has raised 1.3 million euros in a seed funding round led by Galaxy Interactive’s EOS VC fund, with participation from Finland’s Sisu Game Ventures and private investors. The Helsinki-based studio will use the fresh capital to expand its debut game, Mr. Autofire, which has been tested in the US, and develop additional mobile games. Lightheart was founded in 2019 by Rovio and Next Games veterans.

Lightheart Entertainment

Martti Suosalo wins BAFTA Games Award for role in Control

Finnish actor Martti Suosalo has been awarded by the British Academy of Film and Television Arts (BAFTA) at the annual BAFTA Games Awards. Suosalo was recognised as the best Performer in a Supporting Role for his role as Ahti the Janitor in Remedy’s latest title, Control. Ahti has been a standout character in Control because of his humming and strange Finnish idioms and because there seems to be more to him than meets the eye. Control was nominated for 11 awards, a new BAFTA record that was also matched by Kojima Productions’ Death Stranding.

Remedy

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