April 29, 2020

DAILY BRIEF: World-changing ideas, acquisitions, health and high technology, science and research

Reaktor's +POOL floating light installation in New York City.

All the daily Finnish business news that works: Fortum, Turku Bioscience Centre, Optofidelity, VideoVisit and Reaktor make headlines.

Fortum partners on EV charging, Turku Bioscience Centre receives funding from the US, OptoFidelity supports Samsung’s R&D testing, VideoVisit helps the elderly to cope in the UK, and Reaktor is recognised for world-changing ideas.

Fortum partners with Infracapital for Nordic EV charging

Finnish energy company Fortum has signed an agreement to sell a majority share in its Nordic electric vehicle (EV) charging platform, Fortum Recharge. Following the transaction, Fortum will own 37 per cent of Recharge, while 63 per cent will be owned by Infracapital, the infrastructure investment arm of M&G. Recharge is the largest public charging point operator (CPO) in the Nordics, boasting close to 1 300 public charging points of its own and operating an additional 1 400 charging points in Norway, Finland and Sweden. The total enterprise value of Recharge is approximately 140 million euros. The transaction is expected to be completed in the second quarter of 2020.

Twitter/Fortum Charge & Drive

Turku Bioscience Centre gets US backing for cancer research

Professor Jukka Westermarck’s research group at Turku Bioscience Centre has, along with researchers at Michigan University, received funding from the US Department of Defence for the development of novel treatment strategies for breast cancer metastases. The Finnish and American research groups have previously demonstrated that combining novel molecules that reactivate the PP2A tumour suppressor protein with existing cancer drugs enhances treatments in lung cancer models, and they will now apply the strategy to metastatic breast cancer models. Turku Bioscience Centre’s share of the funding is 200 000 euros.

Twitter/Turku Bioscience

OptoFidelity designs remote test lab for Samsung

Finnish company OptoFidelity is helping Samsung Electronics to develop the R&D testing of selected smart devices and home appliance product lines. In December, Samsung took delivery of a robot assisted remote test lab based on the OptoFidelity TOUCH display test system, which is used for testing chipsets, touch panels, touch-enabled user interfaces, final products and systems. Touch screens are vital components in smart devices and increasingly used in home appliances and other white goods, an area where Samsung is developing state-of-the-art solutions.


VideoVisit supports the elderly at home in the UK

Finnish company VideoVisit’s remote care platform will be used to support elderly people in the UK who are isolated in their homes because of the coronavirus outbreak. The platform was selected as part of the Techforce 19 challenge, a public initiative to find digital solutions to support people in need during the outbreak. Altogether, 18 solutions were selected from 1 600 providers, with VideoVisit the only one from outside the UK. VideoVisit is the leading remote care service platform in Finland that enables home care visits via a secure remote connection and elderly people to keep in touch with their loved ones.


Reaktor recognised for World Changing Ideas 2020

Finnish strategy, design and technology company Reaktor has been recognised at Fast Company’s World Changing Ideas 2020 Awards. Reaktor’s projects received four honourable mentions and one spot in the finals of the contest that draws attention to innovations that do good for society and the planet. Reaktor Education, a groundbreaking approach to online education, received an honourable mention in education and the EMEA regional series. Reaktor’s +POOL, an innovation that demonstrates water quality to New Yorkers in a fun and visual way, received honourable mentions in the art and design and city planning categories, and was a finalist in the North America regional series.


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