All Nokia phones together
 HMD Global has sold phones under the Nokia brand since 2016. Image: HMD Global

DAILY BRIEF: Nokia phones, building services, data centres, elevators and top meetings spot

All the daily Finnish business news that works: HMD Global, Caverion, UpCloud, KONE and international meetings in Finland make headlines.

Rasmus Hetemäki


HMD Global raises significant funding, Caverion wins contracts in Europe, UpCloud launches a data centre in New York, KONE delivers elevators for a Paris metro project, and Finland attracts international meetings. Click on the headlines for more in-depth information about each piece of news.

HMD Global raises USD 230 million

New Nokia 5G phone with northern lights in background

HMD Global, the home of Nokia phones, has successfully closed a 230 million-US dollar funding round led by its strategic partners. The funding will power the company’s development in four areas: It will support the launch of 5G phones worldwide, further the transition to digital-first offerings, expand its presence in key growth markets and strengthen its position beyond hardware to become a holistic mobile service provider. It has already been a busy year for HMD Global, which has launched its international data roaming service, HMD Connect, enhanced its cybersecurity capabilities by acquiring assets of Valona Labs, and developed its software, security and services capabilities at its new research and development centre in Tampere, Finland. Image: HMD Global

Caverion secures new contracts in Germany and Norway

Kap West office building in Munich

Caverion has been awarded two new service contracts in Munich, Germany. The Finnish company will be responsible for managed services, including technical maintenance, at the Kap West office building in the city’s Hirschgarten area and for another 60 000-square metre office complex north of Munich. In both cases, sustainability was a decisive factor for Caverion securing the contracts. Caverion has also expanded its existing co-operation with the Norwegian Government Security and Service Organisation, with a second framework agreement. The agreement covers the deployment and maintenance of certain security solutions for the Norwegian government’s locations in Oslo. Image: OFB Projektentwicklung

UpCloud launches new data centre in New York

New York illustration

Helsinki-headquartered UpCloud has launched its third US data centre in New York City, complementing its centres in Chicago and San Jose. The so-called US-NYC1 runs fully on wind power and is UpCloud’s first to completely adopt the new AMD EPYC processor architecture, which provides more CPU cores and increased workloads performance. UpCloud now has nine data centres around the world with 10 more on the way in Europe, North America, Asia and Australia. The expansion strategy is fuelled by an 18 million-euro investment UpCloud secured at the beginning of 2020. Image: UpCloud

KONE wins order for Grand Paris Express metro project

KONE technician in front of elevator

Finnish company KONE has won an order for over 70 elevators for the Grand Paris Express metro project in the French capital. KONE was the preferred supplier of Société du Grand Paris for elevators to be installed in stations and related buildings across parts of the southern section of line 15 of the metro system. The 33-kilometre section will pass through 22 municipalities and is expected to serve over a million residents with 300 000 trips a day. Grand Paris Express is the largest transport project in Europe with 68 new stations and 200 kilometres of additional tracks. Image: KONE

Finland among top locations for international meetings

People attending a conference

Helsinki outperformed Stockholm, Copenhagen and Oslo in attracting international meetings and conferences in 2019, indicates a report published in July by the Union of International Associations (UIA). Read our full article by clicking the headline. Image: Messukeskus

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