November 4, 2020
DAILY BRIEF: Top audio, energy deal, data centres, 5G, gender equality and food exports
Genelec is equipping a new game audio studio in China.
All the daily Finnish business news that works: Nevel, UpCloud, Nokia, Genelec, gender equality and Finnish food exports make headlines.
Finnish energy company Nevel is acquired, UpCloud opens its 11th data centre worldwide, Nokia wins new deals, Genelec provides audio solutions to Leiting, an EU gender equality index ranks Finland highly, and Finnish food products land on Chinese shelves.
Nokia will enable ultra-fast 5G services for Vodacom South Africa’s customers by deploying 5G radio, core and fixed network solutions across the provider’s network. The 5G network is already live in a number of major South African cities and being deployed in other areas of the country. Nokia has also signed a seven-year deal to support POST Luxembourg in supplying ultra high-speed broadband to consumers and businesses across Luxembourg. The deal cements its position as the main supplier for fixed access to the operator.
French private investment company Ardian is acquiring Nevel, a district heating and industrial energy solutions provider, from Finland’s Vapo Group. Nevel operates more than 130 heating and power plants and 40 district heating networks in Finland, Sweden and Estonia. The Finnish utility reported net sales of 101 million euros in 2019. Ardian made its first investment in Finland in March 2020, when it acquired the Lakiakangas wind park in Isojoki, Ostrobothnia.
Finnish cloud service provider UpCloud is opening its 11th data centre in Warsaw, Poland. The PL-WAW1 centre is UpCloud’s seventh in Europe, where it also operates in Helsinki, London, Frankfurt, Amsterdam and Madrid. The centre will be powered by 100-per-cent renewable energy and run on the new highly efficient AMD EPYC processor architecture. UpCloud plans to continue its international expansion throughout 2020–2021 with the launch of 10 new data centres.
Finnish company Genelec has provided an audio system to Shenzhen Leiting Digital Entertainment Company, a Chinese video games publisher. The games studio wanted to shift to immersive audio in its game development and recently commissioned a 5.1.4 audio studio based on the smart active monitors of Genelec. Leiting’s game sound designer Knuckles (Jianyu) Zhang commented that the games industry in China is placing greater importance on the sound experience and that, internationally, big-budget productions are increasingly turning to immersive audio.
The European Institute for Gender Equality (EIGE) has ranked Finland fourth behind Sweden, Denmark and France in gender equality among EU member states. EIGE’s Gender Equality Index measures the countries’ gender equality across six categories: work, money, knowledge, time, power and health. Check out our article on the result by clicking the headline.
Jussi Hellsten / City of Helsinki
A collaboration between Business Finland and Chunbo, an online-first retailer in China, has introduced a range of Finnish food products in China. The partnership was launched at an event in the Embassy of Finland in Beijing, which was streamed live to around 15 million viewers on Chunbo’s website. Click the headline for the full article.
Good News from Finland is published by Finnfacts, which is part of Business Finland.
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