Elomatic group company CADMATIC Ltd has acquired Finnish software company Kymdata Ltd. The strategic acquisition expands CADMATIC's product portfolio and includes the entire share capital as well as IPRs to all Kymdata’s CADS software and its business agreements. The acquisition increases CADMATIC’s estimated turnover to EUR 28 million. With the addition of Kymdata’s 43 employees, CADMATIC will employ over 200 persons.
Etelä-Savon Energia Oy (ESE) is known as a producer of renewable energy. Its history dates back to the start of the 1900s. It was the fourth company in Finland to start generating district heating in 1958. ESE generates electricity at its Pursiala CHP plant from where heat is transferred to the district heating system.
Wood makes up about 80% of the fuel used at the Pursiala…
Mika Hannula has joined the Elomatic board. He was elected alongside previous board members Ari Elo, Johan Kronberg, Jari Lehmusvaara, Liisa Leino, and Olli Manner. Since the autumn of 2018, Hannula has been the Director of the Technology Campus Turku at the Turku University.
Textile fibre technology company, Spinnova, has completed the construction of a pilot production line in Jyväskylä, Finland. The plant will produce textile fibre from cellulose and is a significant step in producing larger volumes of sustainable textile fibres. Elomatic partnered Spinnova in the project starting from the preliminary study and design, all the way up to the start-up of the plant.
The 2018 turnover of the Elomatic Group grew by 12% to over 81 million euros. During the financial period, the group recruited 162 new employees with the total number of employees spiking to over 950. Elomatic is continuing an active recruitment drive at the beginning of 2019 to meet its increased number of commissions.
Elomatic has partnered with Japanese shipping company NYK Group and NYK’s technology arm MTI to create the concept design for a futuristic emission-free pure car and truck carrier (PCTC), – the “NYK SUPER ECO SHIP 2050”. Compared to current vessels, the NYK SUPER ECO SHIP 2050 will reduce CO2 emissions by 100%. The energy-efficient vessel will also reduce energy derived from bunker fuels by approx. 70%.
Elomatic and FS Dynamics from Sweden have agreed to transfer ownership of FS Dynamic’s business operations in Finland, FS Dynamics Finland Oy Ab, to Elomatic on 31.10.2018.
Elomatic and Deltamarin Ltd, both from Turku Finland, have signed a significant agreement with MV WERFTEN Wismar GmbH for the basic and detail design of a second Global class cruise ship. The value of the contract is approximately €17M for Elomatic and €16.5M for Deltamarin. The vessel will be built in parallel in Wismar and Rostock, Germany. The contract was signed on 26.10.2018 and design work has already commenced.
At the beginning of the summer, KONE Oyj organised at two-day Mechathon event with the Tampere University of Applied Science (TAMK). The Mechathon is a mechanics innovation and design competition where a KONE panel selects the best solution for a given challenge. After winning the competition, Elomatic and KONE will cooperate in developing the solution on a joint project.
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