March 4, 2020

DAILY BRIEF: An acquisition, 5G, a warm US welcome, digital healthcare and a new unit

Meru Health and dacadoo join forces to offer instant mental healthcare at the first sign of trouble.
Meru Health

All the daily Finnish business news that works: ePassi, Nokia, Bond, Metso and Meru Health make headlines.

ePassi acquires its Swedish rival ActiWay, Nokia teams up for a highly advanced 5G network, Bond Agency gets a warm welcome in the US, Meru Health doubles up on digital mental healthcare, and Metso opens a new manufacturing unit in Lithuania.

ePassi acquires Swedish firm ActiWay

Finnish company ePassi has acquired ActiWay in Sweden for an undisclosed sum. The deal strengthens ePassi’s position as a Nordic powerhouse in employee benefit payments. ActiWay is the market leader for wellness allowance systems in Sweden, and it will grow ePassi’s active user base to over one million and increase the fast-growing firm’s revenues to approximately 150 million euros. ActiWay will now merge with ePassi Group’s Swedish subsidiary to form a business to be headed by its current CEO, Niclas Jernberg.

ePassi

Nokia, Telia and Telenor trial highly advanced 5G network

Finnish company Nokia has teamed up with leading Nordic operators Telenor and Telia to create the world’s most advanced shared wireless network and trial it in Denmark. By leveraging the network, the two operators are able to test new 5G services, including multi-operator core network (MOCN) capabilities that enable them to share network infrastructure for wireless technologies spanning 2G to 5G. Network sharing offers a more efficient and cost-effective way for two or more operators to roll out a network at scale.

Nokia

Bond expands to the US and lands Miami Beach gig

Finnish design studio Bond has expanded to the US with its fifth global office in San Francisco. The agency’s first job stateside will be to update the brand of the City of Miami Beach in south Florida, having won the job in a long competitive tendering process. Bond CEO Arttu Salovaara says the studio wants to highlight aspects of the city that are often overlooked due to its world-famous beach, such as culture, art and design. Bond’s new San Francisco office will be headed by Tuomas Haapala, a former Finnish professional footballer and executive at Y Media Labs and Idean’s US offices.

Bond

Meru Health and dacadoo partner for easy mental healthcare

Finnish digital clinic Meru Health has signed a commercial agreement with Swiss digital health platform dacadoo to provide faster and low-threshold access to treatment at the first sign of depression, anxiety or burnout. Meru Health offers a licensed-clinician-supported digital therapeutic programme with home lessons and practices, biofeedback, sleep improvement and nutritional psychiatry. dacadoo is a digital health engagement platform that combines motivational techniques from behavioural science, online gaming, social networks and personalised AI-based health coaching to produce high levels of user engagement and positive health outcomes.

Meru Health

Metso sets up manufacturing unit in Lithuania

Finnish company Metso is establishing a new manufacturing site for mining wear parts in Lithuania. The production facility will start its operations in the second quarter of 2020 and employ 80 people by the end of the year. Important factors for choosing the location were closeness to current clients, efficient logistics network, sustainable operating environment and good market conditions. In 2019, Metso also opened a business services centre in Lithuania’s capital, Vilnius.

Metso

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