July 8, 2020
DAILY BRIEF: Nokia phones, low-emission fuel service, acquisitions, industry and elderly care
HMD Global is the exclusive licensee for Nokia’s phones.
All the daily Finnish business news that works: Neste, HMD Global, Kesko, Neles and Finnish elderly care make headlines.
Neste opens Finland’s first low-emission service station, Kesko makes an acquisition in Norway, Neles launches a new valve plant in China, HMD Global sets up shop in Tampere, and Finnish elderly care goes digital.
Finnish company Neste has introduced Finland’s first low-emission service station in the Tuusula Housing Fair 2020 area, located north of Helsinki. The climate-friendly solutions extend from the station’s construction to operations and product range: it is powered by renewable energy, features a self-service shop and post kiosk, and offers renewable diesel and fast charging for electric vehicles. In the early autumn, biogas and natural gas will also become available at the station for passenger cars and delivery vehicles.
Finnish conglomerate Kesko’s subsidiary Byggmakker Handel will acquire Carlsen Fritzøe Handel, a Norwegian operator in the building and home improvement trade with net sales of 201 million euros in 2019. The acquisition strengthens Kesko’s position in the Oslo fjord region of Norway, where Carlsen Fritzøe Handel operates a network of 25 shops that will complement the Byggmakker network. Kesko has made several investments in the Norwegian building and home improvement market in recent years as part of its growth strategy in Norway.
Finnish industrial brand Neles has started operations at its valve technology centre in Jiaxing, China. Created in a partial demerger of Metso Corporation on 1 July 2020, Neles employs 2 900 people in approximately 40 countries. The state-of-the-art plant will annually produce over 100 000 valves, which can be shipped to customers or Neles’ supply centres worldwide.
HMD Global, the exclusive licensee for Nokia’s phones and tablets, is acquiring assets from Finnish software company Valona Labs and setting up a centre of excellence in Tampere, Finland. Valona Lab’s expertise in mobile, enterprise and cybersecurity software will support HMD Global’s commitment to mobile security and form the foundation for the centre in Tampere. The centre will start to hire new software talent right away.
The coronavirus pandemic has accelerated the need to bring digital supplements into play in elderly care to provide a human connection and active ageing and live up to the promise of the welfare state. Read more in our feature article by clicking the headline.
Sanoste / Facebook
Looking for more good news? Subscribe to our newsletter