An illustration of a factory building
 Image: YIT
Daily Brief

DAILY BRIEF: Construction, car cybersecurity, EV batteries, startup awards and semiconductors

All the daily Finnish business news that works: TietoEVRY, VTT, Valmet Automotive, YIT, Icebreaker.vc and Chipmetrics make headlines.

Rasmus Hetemäki

30.11.2020

TietoEVRY and VTT collaborate on car cybersecurity, Valmet Automotive opens a new electric vehicle (EV) testing centre, YIT develops a factory in Lithuania, Icebreaker wins at the Nordic Startup Awards, and Chipmetrics spins off into a promising future.

TietoEVRY and VTT partner for automotive cybersecurity

People working on computer at a car factory
Finland-headquartered TietoEVRY and Finnish research institute VTT have teamed up to support software development and cybersecurity in the automotive industry, with plans to cover other industries in the future. With the emergence of software-defined vehicles, the industry is more and more reliant on reliable and secure software solutions. Incorporating cybersecurity already in the product development phase is becoming a key feature of car manufacturing, and this is where the partners are offering their expertise and both research and advanced product development services.

Valmet Automotive expands EV battery testing

Building behind a Valmet Automotive sign
Valmet Automotive has started operations at its new battery test centre for electric vehicles (EV) in Weihenbronn, Germany. Featuring about 1 500 square metres of state-of-the-art testing area, the centre complements and is close to the company’s existing battery test hub in Bad Friedrichshall, Germany. In addition to Bad Friedrichshall and Weihenbronn, Valmet Automotive conducts battery tests at its car production site in Uusikaupunki, Finland, where it has integrated the production of battery systems.

YIT to develop production plant in Klaipeda FEZ

An illustration of a factory
Finnish real estate developer YIT has been chosen as an investor and construction partner of a new plant for German polymer company REHAU in the Klaipeda Free Economic Zone (FEZ) in Lithuania. YIT will both finance and use its Lithuanian construction arm to build the facility that will be rented by REHAU. The facility will be part of REHAU’s building solutions division, which manufactures a range of polymer products including piping, fittings and solutions for telecommunications.

Icebreaker awarded at Nordic Startup Awards 2020

A person wearing an Icebreaker t-shirt
Finnish venture capital firm Icebreaker.vc has won Investor of the Year in the Nordic Startup Awards, the region’s edition of the Global Startup Awards, which is the world’s largest independent startup ecosystem competition. Icebreaker.vc invests in Finnish, Swedish and Estonian software-driven companies in idea, angel and early-seed stages. Out of the 4036 nominations received this year from Finland, Iceland, Norway, Sweden and Denmark, 850 were accepted and chosen for the finals across nine categories.

VTT spinoff to chip away at semiconductor challenges

The thin PillarHall test chip
Chipmetrics, a spinoff from VTT Technical Research Centre of Finland, is expected to open new opportunities in the development of semiconductors, memory circuits and smart devices by launching to market a test chip for analysing 3D thin-film structures. The PilarHall test chip promises to solve multiple challenges faced by semiconductor manufacturers. Check out our article on the new startup by clicking the headline.

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