December 5, 2019
The daily brief: 5 December 2019
Savosolar and Uniper have agreed to collaborate on large solar heating projects.
All the daily Finnish business news that works: Konecranes, Teleste, Cerenion and Savosolar make headlines.
Konecranes acquires full ownership of its joint venture MHE-Demag, Teleste delivers onboard train solutions in Stockholm, Cerenion secures a key patent in Japan, and Savosolar teams up with Uniper for large solar projects.
Finnish company Konecranes will strengthen its market position in Southeast Asia by acquiring the remaining 50 per cent of shares MHE-Demag, its joint venture with Jebsen & Jessen, for around 147 million euros. MHE-Demag is a leading industrial cranes and services supplier in the region with some 1 800 employees, 11 factories and more than 70 service locations. Konecranes estimates that the transaction will add around 150–180 million euros to its annual sales and around 25–30 million euros to its annual earnings by 2022.
Finnish company Teleste will deliver onboard solutions to Stadler’s electrical multiple units (EMU) operated by the Public Transport Administration in Stockholm, Sweden. The deliveries include video systems, information displays, driver panels and more integrations for 22 trains, with an option for another 45. The trains will operate on the Roslagsbanan route in the Swedish capital.
Finland’s Cerenion has been awarded a key patent for its C-Trend brain monitoring technology in Japan. The news comes only a few weeks after Cerenion obtained patents in Europe and the US. The patented technology reveals the status of the brain at the bedside without requiring any change to the care of a patient, which is especially vital in an intensive care unit.
Finnish solar thermal systems provider Savosolar has inked a letter of intent with German-based energy company Uniper for collaboration on large-scale solar heating projects for district heating and industrial processes. The planned collaboration covers sales, design delivery and, if required, the operation of the systems. While the focus is on Europe and especially Germany, Austria and the Netherlands, the partners may also look for suitable projects worldwide and aim to investigate the first possible projects in 2020.
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