October 20, 2020
DAILY BRIEF: Marine conservation, coaching, industry, acquisition and connecting the Moon
Finland's VELMU project is the most all-encompassing national conservation programme for marine areas in Europe.
Olli Mustonen / Metsähallitus
All the daily Finnish business news that works: Nokia, Finnish conservation project, Hintsa, Raute, Sanoma and Augumenta make headlines.
Hintsa Performance heads to the Middle East, Raute wins a substantial order in Russia, a Finnish marine conservation project is awarded, Sanoma acquires a Spanish learning content provider, Augumenta brings AR solutions to the Taiwanese industry, and Nokia installs 4G on the Moon.
Hintsa Performance is expanding to the Middle East, where it will open an office and hire performance coaches in Dubai. The Finnish company has 20 years of experience in coaching Formula 1 drivers, executives and business professionals in high-pressure environments to help them to achieve sustainable performance. Hintsa will now build on its existing clientele in the region and has translated its Better Life application to Arabic. The COVID-19 pandemic has driven up increase in interest in the company’s coaching services.
Finnish technology and service company Raute has received an order worth approximately 55 million euros from LLC Plitwood in Russia. The scope of the orders covers all machinery and equipment for the production of an entire plywood mill, as well as services related to the installation, commissioning and start-up. To be built in Vologda, Russia, the mill will have an annual birch plywood capacity of around 180 000 cubic meters and start production in 2022. The order is one of the largest single orders in the history of Raute.
Raute / Facebook
A Finnish marine conservation initiative launched by the Ministry of Environment and the Finnish Environment Institute in 2004 has won the Conservation Award at the European Natura 2000 Awards. The Finnish Inventory Programme for Underwater Marine Environment, VELMU, aims to develop a detailed and complete picture of the distribution of marine habitats and species in Finnish marine waters, and gain an insights into their conservation status. With over 150 000 spatially explicit observations collected of marine habitats and species across the waters, the project is the most all-encompassing national programme for marine areas in Europe.
Finnish media group Sanoma is acquiring Santillana Spain, a leading Spanish provider of primary and secondary learning materials, from Promotora de Informaciones for 465 million euros. The acquisition will strengthen Sanoma’s learning business in Europe and make it the market leader in Spain, where it operates in learning content distribution and digital education platforms following earlier acquisitions.
Oulu, Finland-headquartered Augumenta has partnered with International Integrated Systems Inc. (IISI Group) in Taiwan to promote the adoption of augmented reality (AR) solutions in Taiwan’s digitalising industry. The collaboration will start with a project that brings the Augumenta SmartPanel technology into an IISI client’s production facility in Hsinchu Science Park, the top semiconductor manufacturing hub globally. The technology and virtual control panels to be integrated into the systems will allow the client to monitor and control production lines by utilising smart glasses and 5G technology.
Technologies from Nokia Bell Labs will be used to build and deploy the first ultra-compact, low-powered and space-hardened end-to-end LTE network on the lunar surface by 2022, paving the way for sustainable human presence on the Moon. Read on by clicking the headline.
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