August 22, 2019
The daily brief: 22 August 2019
Hollywood actor Miles Teller (second from right) has given the thumbs up to The Finnish Long Drink in the best way possible: by becoming a part owner of the company.
The Long Drink Company
All the daily Finnish business news that works: The Long Drink Company, Tosibox, Valmet and Konecranes make headlines.
The Long Drink Company has made a new friend Stateside, Tosibox is picking up speed with a major international investment, Valmet has inked a deal in China, and Konecranes has bolstered its operations in Europe.
Italian company SBS S.r.l has agreed on an investment to acquire a 15 per cent stake in Finnish IoT security company Tosibox. Currently offering its services in 120 countries, Tosibox is well underway to achieving its goal of becoming the first choice for easy and secure connectivity globally, after seeing its net sales jump by 24 per cent to 4.2 million euros last year.
Konecranes has been keeping busy in Europe, announcing the purchase of Italian Trevolution Service SRL and an agreement to retrofit electrification to its harbour cranes in DP World’s Liège Container Terminal (DPW LCT) in Belgium. The acquisition aims to expand Konecranes’ field service operations and enable the company to take on larger projects. The value of the deals have not been disclosed. DPW LCT has turned to Konecranes in an attempt to lower the terminal’s emission and noise levels by retrofitting electric components to the terminal’s existing fleet of Konecranes’ Gottwald Model 2 Mobile Harbor Cranes.
Shandong Sun Paper Industry Joint Stock has agreed to purchase a boiler diagnostics system from Valmet to optimise the operation of a new recovery boiler. The Valmet Furnace IR Camera System will be delivered in the last quarter of 2019 at an undisclosed price. The solution promises to provide higher boiler availability, a reduced risk of catastrophic failure, improved heat transfer efficiency and lower maintenance costs.
Tom Cruise’s co-star in the upcoming Top Gun 2 film, Miles Teller, has become a part owner in The Long Drink Company. Founded by three Finns and an American, the company is pushing into the US market sip by sip with its Long Drink – a traditional Finnish alcoholic beverage originating from the 1952 Summer Olympics held in Helsinki.
The Long Drink Company
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