June 3, 2020
DAILY BRIEF: Golf’s little helper, support for beauty salons, investments, logistics and game awards
Golf GameBook mixes a virtual layer to the game of golf.
All the daily Finnish business news that works: Timma, EKE-Electronics, Playgreen Finland, Youredi, Golf GameBook, Remedy and Hempuli make headlines.
Timma supports small beauty-related businesses during the COVID-19 outbreak, EKE-Electronics and Playgreen Finland secure significant backers, Youredi keeps busy in global logistics, Golf GameBook enhances the digital golf ecosystem in Sweden, and Remedy and Hempuli score big at Nordic Game Awards.
Timma.fi, a Finnish digital marketplace for hair, beauty and massage services, has sold gift certificates to small businesses that have struggled during the COVID-19 outbreak. Since March, Timma has managed to sell over 440 000 euros worth of certificates in Finland, Sweden and Norway. In its main market, Finland, the company has sold more than 4 000 certificates to 652 different shops for over 362 000 euros. Now customers are returning to the salons and parlours and making bookings through Timma at over 90 per cent of the rate before the crisis.
Finnish intelligent train automation provider EKE-Electronics has received a strategic investment from Japan’s Mitsubishi Electric Corporation, which has acquired 34 per cent of the shares from EKE Group. In connection with the investment, the two parties entered into a wide-ranging co-operation agreement. The agreement gives EKE-Electronics access to fast-growing markets in Asia and the US, as well as additional resources for developing its systems. The Finnish company will continue to operate under its current management and retain its R&D activities in Finland.
Nordic Waterproofing Group has acquired 25 per cent of the shares in Playgreen Finland, a Finnish company mainly designing, selling and installing solar energy solutions. According to the agreement, Nordic Waterproofing paid a total of 120 000 euros for the quarter stake and has an option to acquire an additional 55 per cent of the shares within two years. In 2019, Playgreen Finland employed some 22 persons and reported annual sales of 3.3 million euros.
Finnish company Youredi has started a number of collaborations in the global logistics and shipping industries. By leveraging Youredi’s experience in harmonising supply chain and logistics messaging, XLOG will be able to take on connectivity challenges which have been a long-time pain point in the logistics industry. Youredi is also providing integration services to leading Nordic logistics vendor HUB logistics to improve its data connectivity with external parties. Finally, Youredi is supporting the Digital Container Shipping Association’s (DCSA) mission to deploy new interface standards in global shipping.
Finnish app provider Golf GameBook has signed a three-year marketing partnership with the Swedish Golf Federation to enhance the digital ecosystem in Swedish golf. The partners aim to grow the game of golf by leveraging modern and digital solutions to make the golfing experience more enjoyable. As the 2020 golf season tees off, they introduce a whole range of activities tailored to the golfing community. Juniors will be able to take on their idols in virtual challenges with well-known Swedish sports ambassadors, golfers across the Nordic countries will be able to join a series of pre-event virtual competitions and anyone over 30 can join The Svensk Golf Senior Tour through a series of Golf GameBook virtual competitions held throughout the golfing calendar.
Remedy’s blockbuster Control swept the prize table at Nordic Game Awards, with fellow Finnish game studio Hempuli also receiving a gong at the awards organised online this year. Read more about it in our breaking news report by clicking the headline.
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