August 4, 2020

DAILY BRIEF: Mixed reality, cyber security, football infrastructure, mining, mobility and education

Man wearing VR headset standing in dusty and rocky terrain
Finnish company Varjo has received a MegaGrant from Epic Games to bring enhanced mixed-reality solutions to enterprises.
Varjo

All the daily Finnish business news that works: SSH.COM, Caverion, Metso Outotec, Varjo, Kyyti and Finnish universities make headlines.

SSH.COM makes moves in the US, Caverion takes part in a stadium expansion project in Germany, Metso Outotec closes an acquisition, Varjo receives a significant grant, Kyyti partners for greater mobility, and Finnish universities join European alliance.

SSH strengthens its US presence

An office with computers on table

SSH Communications Security has announced it will strengthen its presence in the US and move its US headquarters to New York City in the second half of 2020. The move brings it closer to its customers in what is one of its most important markets. SSH’s Sami Marttinen will take on the role of general manager of the Americas and oversee the company’s investment programme to strengthen customer support and hire key talent. SSH has over 3 000 customers worldwide, many of them Fortune 500 companies.

SSH

Caverion to help modernise RB Leipzig’s football stadium

Red Bull football stadium from above

Caverion has been selected to provide building technology solutions for the modernisation and expansion project at the Red Bull stadium of Bundesliga club RB Leipzig in Germany. The Finnish company will be responsible for cooling, ventilation and air conditioning, as well as heating and sanitation, solutions at the arena. The expansion will increase the capacity to 48 000 from 43 000 spectators in time for RB Leipzig’s 2021–2022 season. Caverion has a branch office in Leipzig, which helped it to secure the contract.

Albert Wimmer ZT

Metso Outotec closes acquisition in Australia

WearSense locking mechanism in bright pink colour

Metso Outotec has closed the acquisition of Australia-based Davies Wear Plate Systems, which will enable the Finnish company to bring unique fasteners and wear monitoring technology to its minerals customers. Davies Wear’s technology includes fasteners with a unique locking mechanism that enables faster and safer maintenance work, as well as advanced wear monitoring technology. It is already used by major mining companies and complements Metso Outotec’s considerable portfolio of wear protection solutions, tools and services.

Metso Outotec

Varjo receives Epic MegaGrant for mixed-reality solutions

Car driver wearing VR headset

Varjo has received a MegaGrant from Epic Games to bring enhanced mixed-reality solutions to enterprises. Epic MegaGrants is a 100 million-US dollar programme that supports creators innovating with Unreal Engine or enhancing open-source capabilities for the 3D graphics community. The Finnish company will utilise the sizeable grant to support the Varjo XR-1 Developer Edition headset as part of the mainline offering of Unreal Engine. Varjo’s devices are used by commercial, government, and academic organisations worldwide to train pilots and astronauts, to conduct automotive design reviews and clinical research, and for other demanding use cases leveraging immersive environments.

Varjo

Kyyti and Masabi partner for mobility-as-a-service apps

A tram and cyclists on busy street in Helsinki

Finland’s Kyyti Group has partnered with Masabi to bring new mobility-as-a-service (MaaS) applications to transport authorities, agencies and operators around the globe. The partners will combine Kyyti’s MaaS platform, which provides shared private mobility and demand-responsive services, journey planning and payment, with Masabi’s Justride SDK in-app transit ticketing service. The goal is to make everyday commuting more convenient and sustainable with public and private shared mobility options. The first joint deployment will go live in the next few months, with further deployments set for 2020–2021.

Unsplash

Finnish universities strengthen European alliance

Smiling students walking down stairs

Six Finnish higher education institutions have joined the European Universities alliances in the second application round of the initiative. The goal of the flagship initiative is to create a European Education Area by 2025. Read our full report by clicking the headline.

HAMK

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