October 14, 2020
DAILY BRIEF: Big deal in China, edtech, maritime simulation, telecom and quantum computing
Lindström will double its textile service operations in China with an acquisition.
All the daily Finnish business news that works: Lindström, Mightifier, Wärtsilä, Nokia and Finnish quantum computing make headlines.
Mightifier supplies edtech in Chile, Wärtsilä provides maritime simulators in the US, Nokia strikes 5G deals and more worldwide, Lindström is acquiring Cintas’ operations in China, and Finland makes advances in quantum computing.
Finnish education technology company Mightifier is providing its social-emotional learning solution to Sankt Henrik School in Chile. By adopting the solutions, the completely internet-based school wants to support children’s social and emotional needs in a remote learning environment. Mightifier has been co-developed with Finnish teachers, school leaders and students, and empowers students to practise “active empathy” by providing each other with positive feedback on research-backed character strengths including honesty, compassion, growth mindset, self-regulation and social intelligence.
Wärtsilä Voyage will supply two advanced cloud-based simulation solutions to the Massachusetts Maritime Academy under a one-year agreement to support remote learning during the COVID-19 pandemic. This allows cadets at the academy to receive safe and effective navigational training continuously even in the event of heightened restrictions. The agreement is the first application of Wärtsilä’s cloud simulation technology in the US.
Massachusetts Maritime Academy
Nokia has closed a range of deals around the world, including with Telefónica UK, which has chosen the Finnish company’s cloud-native subscriber data management software to support its existing networks and drive 5G-service innovation. The Finnish company is also launching 5G services in Auckland with Spark New Zealand to bring high-speed wireless connectivity to a major international sailing event. Nokia has closed a 5G small cells deal in Taiwan with Chunghwa Telecom to extend the operator’s 5G coverage and is helping Vivacom Bulgaria to deploy a next-generation fibre network that enables the first 10Gb/s broadband services in Bulgaria. Finally, Nokia has won the SCTE·ISBE Chairmen’s Advanced Technology Award for contributions to the Cable 10G initiative, which promises to deliver broadband speeds 10-times faster than those available on today’s cable networks.
Finnish textile services group Lindström is acquiring the Chinese operations of the world’s leading textile services provider, Cintas, to become the industry’s primary operator in China. The new entity will be a clear market leader in the workwear rental and cleanroom business in China, as well as expand Lindström’s geographical reach and services portfolio. Cintas has three service centres, in Suzhou, Tianjin and Guangzhou, and a workforce of nearly 300 employees in China, who will be integrated into Lindström’s business. Expected to be completed during the first half of 2021, the integration will double Lindström’s size in the country.
Finland is on its way to fulfilling its promise of becoming a global leader in quantum computing with innovations and projects that are billed to push quantum computing from laboratories to real-world settings. Read on by clicking the headline.
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