August 5, 2020
DAILY BRIEF: Box-office hit, brand licensing, autonomous driving, industry and Korean startups
Master Cheng is catching the attention of moviegoers in Germany.
Jouko Piipponen/ Marianna Films
All the daily Finnish business news that works: Flowhaven, Basemark, Kalmar, Finnish film and Aalto Startup Center make headlines.
Flowhaven expands to the UK, Basemark secures funding for autonomous driving software, Kalmar wins new orders, the film Master Cheng finds success in Germany, and Aalto Startup Center gives Korean healthtech startups a boost.
Finnish brand licensing company Flowhaven has opened a new office in London, the UK, as it continues its rapid international growth. The move brings the company closer to its clients and to Europe’s largest licensing market, where it has signed a number of clients with well-known brands in their portfolios, including Banksy, Masha and the Bear, and the Van Gogh Museum. In January, Flowhaven opened an office across the Atlantic in Los Angeles following a 5.2 million-US-dollar funding round at the end of 2019.
Software company Basemark is accelerating its growth in the field of autonomous vehicles after receiving seven million euros in financing from ETF (Environmental Technologies Fund) Partners. Since its foundation in 2015, Basemark has grown its revenue to over eight million euros and achieved profitability with the help of Rocksolid Engine, its real-time graphics and compute software solution for mission-critical industrial applications. The company now aims to become a leading software product company for autonomous vehicles in the next few years, according to CEO Keith Silverang.
Kalmar, part of Cargotec, has received new orders for cargo handling equipment in China, Turkey and Australia. The Finnish company will deliver two Kalmar Essential Forklifts and two Kalmar Heavy Forklifts to Yizheng Port in China. Two Kalmar zero-emission rubber-tyred gantry cranes (RTGs) have been selected for container handling at Safi Derince International Port in Turkey. Finally, Kalmar will supply three heavy terminal tractors to global multi-metals business Nyrstar for its smelter operations in Australia.
Mika Kaurismäki’s film Master Cheng (Mestari Cheng) topped the box office as it premiered in 146 cinemas across Germany on 30 July. The film remained fourth on the box-office chart after the weekend, which is an exceptional performance by a Finnish film. Kaurismäki said he was of course happy with the result but couldn’t but help wonder what the numbers would have been under normal circumstances. The film’s protagonist, Cheng, is a professional chef from Shanghai who, having just lost his wife in an accident, decides to travel with his young son to a remote Finnish village to meet an old friend. His cooking soon delights and surprises the locals, helping to connect the two vastly different cultures in this drama-comedy.
Finnish business accelerator Aalto Startup Center is helping to launch the Korean Startup Center and aid entry of Korean health and wellbeing technology companies into the Nordic and European markets. Read our full article by clicking the headline.
Looking for more good news? Subscribe to our newsletter