News

Elomatic Oy’s and Gaia Consulting Oy’s Virgin Island entry was awarded joint first prize in the Clean Vallisaari innovation competition in Helsinki on 1.9.2016.

Elomatic Ltd and Deltamarin Ltd have signed a large scale tri-party engineering contract with MV Werften in Germany for the design of a Global Class mega passenger ship. The contract was signed by all parties on 28 July 2016 and includes large parts of the basic and detailed design of the vessel. The contract is the largest in both Elomatic’s and Deltamarin’s histories and in total represents 860 man-years. The contract value has not been disclosed.

Elomatic is supporting Meyer Turku Oy in planning and implementing the shipyard’s production related investment and development projects. The shipyard is utilising Elomatic’s expertise in the specification of new production methods and investments as well as in the investment procurement.

Elomatic Group’s turnover for the 2015 financial year increased by almost 15% to 52 million euros, which is a new record level. At the same time its number of employees jumped to near 800. The company aims to increase its turnover to 200 million euros by the end of 2020. Developing and new emerging markets are central to the company’s growth strategy and in 2015, among others, Elomatic signed two pharmaceutical industry deals in Iran.

Elomatic’s personnel in Helsinki have moved to new premises in Otaniemi. The 770 m² premises are located in Building A at Innopoli 3 (Technopolis) on Vaisalantie 2, Espoo.

After almost twenty years of service as the CEO of Elomatic Group, Olli Manner will vacate his position on 1.1.2016 and take up a new full-time position as the company’s Chairman of the Board of Directors. The current Chairman of the Board and Elomatic founder, Ari Elo, Dr. Sc. (Econ) h.c. will step aside, but will continue as a member of the Board of Directors.

Elomatic's subsidiary Cadmatic Oy has acquired all the shares and business operations of Numeriek Centrum Groningen BV (NCG). This is valid from the 16th of September 2015. The acquisition doubles Cadmatic’s number of employees and raises its turnover to 15 million euros.

In 2015 Elomatic celebrates its 45th birthday. The company has grown steadily over the decades and currently employs about 750 professionals. In addition to traditional consulting and engineering Elomatic has recently also expanded into the industrial product and turnkey delivery markets.

Elomatic has expanded its operations by acquiring the entire shareholding of Tampere-based Consor Technology Oy on 1.4.2015. Consor supplies electrical and automation systems to industrial companies and energy production plants. The acquisition is an important strategic step and strengthens Elomatic’s position in particular in the growing sector of renewable fuel based power generation both domestically and abroad.

Alongside traditional engineering and consulting Elomatic is expanding its product and turnkey delivery operations. Good examples are strongly growing flue gas scrubber deliveries as well as sterile plant turnkey deliveries. With its chosen strategy Elomatic aims to boost growth, which will mainly come from international business operations.