September 18, 2019
The daily brief: 18 September 2019
One of Finland's oldest and largest publishing houses, Gummerus Kustannus, is being acquired by audiobook and e-book streaming service Storytel.
All the daily Finnish business news that works: Gummerus Kustannus, Solita, Wärtsilä and Valmet make headlines.
Wärtsilä is delivering technology solutions in the maritime industry, Gummerus Kustannus is acquired by Storytel, Valmet is building a new pilot facility in Sweden, and Solita has found a significant digital transformation partner.
Finnish technology group Wärtsilä has provided advanced simulators to a new training facility in Portugal, operated by the port authority of the ports of Douro, Leixōes and Viana do Castelo. The facility is the largest and most advanced maritime training centre in the country, featuring a Wärtsilä full mission bridge (FMB) simulator with 360-degree projection, two tug simulators with 360-degree LCD and a VTS simulator. Wärtsilä is also supplying ballast water management systems to four bunkering ocean tanker vessels operated by South Korean company Doorae Shipping.
Finnish family-owned publishing house Gummerus Kustannus is being acquired by Storytel, a leading audiobook and e-book streaming service in Northern Europe. One of the oldest and the third-largest book publisher in Finland, Gummerus Kustannus publishes around 200 domestic and translated titles a year. It had a turnover of approximately 7.6 million euros in 2018 and turned a profit of around 300 000 euros. Gummerus Kustannus will continue to operate independently within Storytel following the expected closing of the acquisition on 30 September.
Finnish industrial company Valmet is building a new pilot facility at its fibre technology centre in Sundsvall, Sweden, strengthening its research and development capabilities in bioenergy, biofuels and biochemicals. Valmet is increasingly focusing on developing new biorefinery processes for the efficient use of different biomass-based raw materials. The startup of the pilot facility is scheduled for October 2020.
Finnish digital transformation company Solita and leading global low-code application developer OutSystems have started to co-operate in Finland and Sweden. The two companies aim to accelerate the digital transformation and innovation processes of companies with the emerging practice of low-code app development. OutSystems’ platform offers ready-made components and tools that customers can use to, for example, modernise business critical-systems, develop mobile and web apps, and improve customer experiences.
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