News

Joint venture company aims for growth in arctic market

- The business transaction frees up Elomatic’s resources to develop its Polish and Indian business operations, among others, and boosts Etteplan’s growth in China.

Elomatic Ltd and Evac Ltd from Finland have signed a long-term cooperation agreement according to which Elomatic will support Evac in its strongly growing Asian offshore business area. Elomatic offers Evac expert support as well as consulting and engineering services for Evac's vacuum toilet systems and waste water treatment plant deliveries for offshore field facilities.

Elomatic Ltd achieved strong growth in 2013 despite the continuing challenging global economic conditions. The company's turnover increased by 12%, which is significantly higher than the average for the engineering and consulting business field.

The Finnish Inventors National Federation has awarded Elomatic’s Pekka Koivukunnas the prize of Innovator the Year. He is currently employed as an Innovation Specialist at the Elomatic Helsinki office. The federation justifies its choice as follows:

The International Convention for the Prevention of Pollution from Ships (MARPOL) has been renewed over the last ten years by The International Maritime Organisation (IMO). New conventions have also been ratified by the IMO. In addition the EU’s renewed directive that regulates sulphur emissions was passed last year. The new regulations affect the cost of new vessels and vessel operation and require that changes are made to existing vessels.

Elomatic, an international provider of engineering and consulting services, has recorded a 14% increase in turnover for the recently completed financial year compared to the previous financial year. Turnover for the period amounted to €46 million, of which 14% was accounted for by Cadmatic, which develops and markets 3D design software. During the period Elomatic hired more than 60 employees, of which over half in Finland. Elomatic has over 700 employees globally.