October 31, 2019
The daily brief: 31 October 2019
Canatu has announced a capital raise totaling 15 million euros.
All the daily Finnish business news that works: Canatu, Genelec and Fisher King make headlines.
Canatu has raised substantial capital, Genelec has opened a new experience centre in Berlin, and a majority stake in Fisher King is being acquired by Beta Films.
Genelec Experience Centre opens in Berlin
Finnish audio company Genelec has opened a new experience centre in downtown Berlin to showcase its wide range of studio monitors and home audio loudspeakers in a high-quality critical listening environment. Designed in collaboration with kost.design, the centre is located in the German capital’s Alexanderplatz district. At the heart of it is a 27-square-metre listening room, with a Genelec 7.1.4 immersive audio system, while the other spaces showcase audio systems for kitchens, offices and bathrooms.
Finnish production company Fisher King, most famous for its Bordertown (Sorjonen) and Nymphs (Nymfit) series, is being acquired by German production and distribution company Beta Films. Following the majority acquisition, Fisher King and Sweden-based Dramacorp will form the joint venture Beta Nordic Studios, which will be responsible for Beta Film’s production activities in the Nordic region. The purchase price has not been disclosed.
Finnish high technology company Canatu has raised 15 million euros in a funding round led by existing investor DENSO Corporation, with participation from existing investor Faurecia and new investor 3M Ventures. Canatu will use the fresh capital to scale up its automotive business and mass production capabilities. It will also look to expand to new market areas with American conglomerate 3M. DENSO Corporation, in turn, is eyeing Canatu’s 3D technologies for future mobility technology products, while Faurecia wants to use Cantatu’s unique formable touch sensors for its digital cockpit for next-generation cars.
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