August 10, 2020
DAILY BRIEF: Food delivery, acquisition, medical technology, telecom, solar heat and Finnish film
Wolt's food delivery service goes live in Berlin.
All the daily Finnish business news that works: Uudenmaan Lämpötekniikka, Cerenion, Nokia, Savosolar, Wolt and Finnish film make headlines.
Uudenmaan Lämpötekniikka is acquired, Cerenion’s US expansion plans are boosted, Nokia closes deals, Savosolar delivers a solar heating plant in France, Wolt begins food deliveries in Berlin, and Finnish film Gone (Poissa) is awarded in Brazil.
Swedish installation company Instalco has boosted its heating and plumbing operations in Finland by acquiring Helsinki-based Uudenmaan Lämpötekniikka. With the acquisition, Instalco owns 12 subsidiaries in Finland, six of which carry out heating and plumbing installations and another six work with electrical installations. Instalco is one of the leading installation companies in the Nordics, where it operates via a network of 75 local companies in Sweden, Norway and Finland.
Cerenion has been accepted into Trans-Atlantic MedTech Bridge, a programme facilitating the expansion of Nordic medical device companies to the US market. Cerenion is the only Finnish entrant in the non-profit initiative run by the Technical University of Denmark and funded by the Danish Industry Foundation. The Finnish company is currently expecting to receive regulatory approval for its C-Trend brain monitoring technology in Europe and actively planning its expansion to the US.
Nokia has completed the sale of its Gainspeed (DOCSIS distributed access architecture and EPON/DPoE) portfolio for cable service providers to Vecima Networks. Nokia will retain its cable-related products including mobile, routing, transport, fibre and fixed wireless access technology, along with network operations and customer experience-related solutions. The Finnish network equipment supplier has also been selected by Taiwanese mobile operator Asia Pacific Telecom as the sole vendor for 5G new radio (NR) and 5G core, as well as security and monetisation. The 5G solutions will bring ultra-fast data speeds, ultra-low latency and a new level of connectivity to Asia Pacific Telecom’s subscribers.
Savosolar has signed an agreement with newHeat for the delivery of a solar thermal field in France. The size of the plant will be approximately 3 000 square metres, and once finished newHeat will use the plant to sell heat to a district heating company in Narbonne. The contract is worth around 850 000 euros and represents the first of two tenders the Finnish company won with newHeat in June.
Food delivery service Wolt has gone live in Berlin and is testing its services in the Mitte and Prenzlauer Berg districts, before expanding to the rest of the German capital. Founded in 2014, Wolt operates in over 80 cities across Europe and elsewhere. The Finnish startup managed to raise 100 million euros in funding earlier this year.
The screenplay for the film Gone (Poissa) has been awarded at Latin America’s largest genre film festival, Fantaspoa – International Fantastic Film Festival. Read our full report by clicking the headline.
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