All entries related to Finland, newest first. tag:eurotrack.ai,2026:en:en/countries/finland 2026-10-28T06:00:00Z Eurotrack tag:eurotrack.ai,2026:79ed3284:en 2026-10-28T06:00:00Z

The listed serial acquirer Auroora Yhtiöt is buying a majority of roof paint importer Coating Source, which recently posted EUR 6.1 million in revenue and EUR 1.0 million in operating profit. Founder Timo Bygdén stays on as shareholder and managing director. The day before, Auroora had already announced the purchase of the Labko business (wastewater separator systems, about EUR 10.5 million in revenue) from Wavin Finland (Kauppalehti, 28.10.2026). — Source: https://www.kauppalehti.fi/uutiset/a/06aea0eb-5eb0-432f-84cb-a70dcb01b0f9

tag:eurotrack.ai,2026:811181d5:en 2026-10-27T06:00:00Z

Valmet has agreed to buy Tieto's manufacturing execution system business, whose TIPS MES software runs in about 300 pulp and paper mills and generates roughly EUR 32 million in annual revenue. Closing is expected in the second quarter of 2027, and no price is given (Valmet press release, 27.10.2026). — Source: https://news.cision.com/fi/valmet-oyj/r/valmet-ostaa-tiedolta-tuotannonohjausjarjestelmaliiketoiminnan-vauhdittaakseen-teollisuuden-siirtyma,c4415664

tag:eurotrack.ai,2026:9ae929b6:en 2026-10-26T06:00:00Z

The association Kalliolan Setlementti has filed for bankruptcy at the Helsinki District Court because its debts exceed its assets and it has no income left to repay them. It received about €917,000 in STEA grants for 2026 and employed around 40 people in August according to Helsingin Sanomat; the number of those affected is not established (Yle, 26 Oct 2026). — Source: https://yle.fi/a/74-20253449

tag:eurotrack.ai,2026:77872fee:en 2026-10-22T06:00:00Z

Danske Bank told staff on 22 October 2026 that 106 jobs will be cut, around half of them in Denmark. Roles in Norway, Finland, Lithuania, Poland and Sweden are also affected, the bank said in a statement (E24, live ticker, 22 Oct 2026). Single-source report; no primary release from the bank was found. — Source: https://e24.no/bors/nyheter/a/305963?pinnedEntry=305963

tag:eurotrack.ai,2026:511544f0:en 2026-10-22T06:00:00Z

Following the end of change negotiations on 22 October 2026, Atria is ending cattle slaughter at its Jyväskylä plant and concentrating it at the Kauhajoki plant; around 20 people are affected and will be offered work at other Finnish sites where possible. The company cites a sharper-than-expected fall in cattle supply and tougher competition, expects annual savings of about €2m, and is modernising Kauhajoki for roughly €16m (Atria, release via Cision, 22 Oct 2026). — Source: https://news.cision.com/fi/atria-oyj/r/atrian-muutosneuvottelut-paattyivat-jyvaskylan-tehtaalla---nautateurastus-keskitetaan-kauhajoelle,c4412941

tag:eurotrack.ai,2026:cad8cbe2:en 2026-10-20T06:00:00Z

Finnish technology group Metso has signed an agreement to acquire Brazilian bronze-alloy component maker Italbronze, which supplies mining, aggregates, automotive and agriculture. More than 470 employees would transfer to Metso with the business; the price is confidential, with closing expected by the end of 2026 subject to competition approval (Metso, press release, 20 Oct 2026). — Source: https://news.cision.com/fi/metso-corporation/r/metso-ostaa-brasilialaisen-pronssiseoskomponenttien-valmistajan-italbronzen-vahvistaakseen-asemaansa,c4411754

tag:eurotrack.ai,2026:3875f33e:en 2026-10-20T06:00:00Z

Finnish software company Lemonsoft opened change negotiations again on 20 Oct 2026 at the parent company: about 134 employees in Finland are covered, the reduction need is at most 9 positions, and the company is aiming for an annual cost effect of about €0.5m. New roles may also arise; the previous year's negotiations led to 25 job cuts (Yle, 20 Oct 2026). — Source: https://yle.fi/a/74-20252431

tag:eurotrack.ai,2026:29670a1c:en 2026-10-12T06:00:00Z

Telia plans to move more tasks from group level to its country units and cut about 900 positions, including consultant roles; roughly 220 further positions would shift mainly from the shared technology unit to the countries. It targets annual gross savings of SEK 1bn, with implementation planned by 31 December, subject to the usual negotiations with employee representatives. In Finland, change negotiations begin that could remove up to 355 jobs according to Yle, while 75 new jobs are expected to be created (Telia, press release, 12 Oct 2026; Yle, 12 Oct 2026). Update (13.10.2026): Estonia and Lithuania are also affected — around 100 jobs in Estonia and up to 85 redundancies in Lithuania alongside 12 new roles; implementation is to be completed by the end of 2026 (ERR, 12 Oct 2026; Delfi, 13 Oct 2026). — Sources: https://news.cision.com/se/telia-company/r/telia-foreslar-ytterligare-lokalisering-av-verksamheten-och-avser-na-arliga-bruttobesparingar-om-sek,c4407088 · https://yle.fi/a/74-20250972 · https://news.err.ee/1610163940/telia-to-cut-100-jobs-in-estonia-as-telecom-group-plans-900-layoffs · https://www.delfi.lt/en/business/telia-lietuva-restructures-operations-and-plans-up-to-85-redundancies-120318077

tag:eurotrack.ai,2026:1e58c53b:en 2026-10-09T06:00:00Z

NYAB Finland has signed the contract for site preparation and infrastructure works in the first phase of the campus developed by AMP Tank AG's project company Data Tank Nordic; the contract includes options to widen the works. Fully built, the campus would consist of four data centre buildings totalling 200 MW; NYAB's role in later phases is still under negotiation (NYAB, 9 Oct 2026). — Source: https://news.cision.com/fi/nyab-ab/r/nyab-allekirjoitti-sopimuksen-datakeskushankkeen-valmistelutoista-utajarvella,c4406390

tag:eurotrack.ai,2026:dc5f86dd:en 2026-10-09T06:00:00Z

Nokia plans to cut up to 253 jobs in Finland, affecting Espoo, Tampere and Oulu, just under 4% of its roughly 6,800 staff in the country. Change negotiations with employee representatives began on 12 October 2026, and the cuts are expected to take effect from 2 November 2026 according to the European Restructuring Monitor. Nokia wants to cut costs and redirect resources to defence, AI and data centres; the split across sites and units is open (Evertiq citing Yle and Helsingin Sanomat, 9 Oct 2026). — Source: https://evertiq.com/news/2026-10-09-more-than-250-jobs-at-risk-as-nokia-plans-cuts-in-finland

tag:eurotrack.ai,2026:f35993c8:en 2026-10-08T06:00:00Z

CapMan Real Estate, through CapMan Nordic Real Estate IV, is buying the Copenhagen Hotel Scandic Webers (152 rooms, about 7,400 sq m) from Jeudan together with AP Pension in a 50/50 joint venture; the price is not disclosed. A comprehensive renovation is planned with operator Scandic, and final closing still awaits EU approval of the merger of AP Pension and CapMan (CapMan, press release, 8 Oct 2026). — Source: https://news.cision.com/dk/capman-oyj/r/capman-real-estate-og-ap-pension-kober-hotel-scandic-webers-i-et-joint-venture,c4405674

tag:eurotrack.ai,2026:a078a7c2:en 2026-10-08T06:00:00Z

From 102 applications in the second call, the Commission selected 46 further projects: eight on extraction, 11 on processing and 19 on recycling, plus eight integrated projects. They include seven lithium, 12 nickel, 10 cobalt and four rare earth projects. Of the first 2025 list, 25 projects have so far completed their environmental assessment and 17 hold a construction permit; the Commission announces a new call for the end of 2026 (European Commission, 8 Oct 2026). — Sources: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2113 · https://ec.europa.eu/commission/presscorner/detail/en/fs_26_2115

tag:eurotrack.ai,2026:dbb9ed0a:en 2026-10-08T06:00:00Z

Sesterce wants to use the existing infrastructure of the closed Kaipola paper mill (grid connection, water, buildings, transport links) for an AI campus run on renewable power; the company says it already has an anchor customer. For every megawatt consumed, Sesterce pledges to bring one megawatt of new renewable generation onto the Finnish grid within ten years of start-up, and cooling uses a closed liquid loop without drinking water; in the long run the company aims for more than 1 GW of computing capacity in Finland. The investment figure comes from the company and permits are still pending (Sesterce release via Cision, 8 Oct 2026; second source: City of Jämsä, 8 Oct 2026). — Sources: https://news.cision.com/fi/miltton/r/sesterce-suunnittelee-10-miljardin-euron-tekoalykampusta-kaipolan-entiselle-tehdasalueelle-jamsaan,c4405155 · https://jamsa.fi/ajankohtaista/tiedotteet/jamsan-kaipolaan-suunnitteilla-10-miljardin-euron-tekoalykampus/

tag:eurotrack.ai,2026:ee2950ec:en 2026-10-06T06:00:00Z

Applied Digital has not named the site, the investment or a construction timetable; it says further steps will depend on customer demand, permits and milestones, and that its focus remains on the US business (Applied Digital, 06.10.2026). — Source: https://ir.applieddigital.com/news-events/press-releases/detail/162/applied-digital-secures-up-to-1-gw-of-potential-power

tag:eurotrack.ai,2026:40646e3c:en 2026-10-05T06:00:00Z

According to the Commission, Finland has met all 10 milestones and 12 targets of this request, including research funding for electricity storage, hydrogen and industrial decarbonisation, gypsum treatment of more than 50,000 hectares of farmland, additional professionals in youth centres and digital services for continuous learning (European Commission, 5 Oct 2026). — Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2068

tag:eurotrack.ai,2026:082aaba2:en 2026-10-05T06:00:00Z

The operator cites the proximity to Helsinki and Finnish talent, plans long-term power purchase agreements with regional producers and is looking at heat reuse; atNorth gives no job figures (atNorth, 05.10.2026; second source: BeBeez citing DCD, 05.10.2026). — Sources: https://www.atnorth.com/news/atnorth-to-develop-new-data-center-in-salo-finland/ · https://bebeez.eu/2026/10/05/atnorth-to-build-75mw-data-center-in-salo-finland/

tag:eurotrack.ai,2026:08d6ff2c:en 2026-10-05T06:00:00Z

Finnish financial group OP Pohjola is opening two rounds of change negotiations (muutosneuvottelut): up to 385 roles could go at insurer Pohjola Vakuutus, which has about 1,840 staff, and up to 169 in the central cooperative's retail banking operations, which employ about 500. At the same time OP plans about 277 new positions (237 and roughly 40 respectively), to be offered first to those affected; talks begin on 6 and 12 October 2026 and will last at least three weeks (OP Pohjola, 5 Oct 2026; second source: Yle, 5 Oct 2026). — Sources: https://news.cision.com/fi/op-pohjola/r/op-pohjola-suunnittelee-uudistavansa-pohjola-vakuutuksen-organisaatiota-seka-keskusyhteison-vahittai,c4404518 · https://yle.fi/a/74-20249863

tag:eurotrack.ai,2026:d4327c53:en 2026-09-29T06:00:00Z

On the same day as the Preservium bid, PPI announced two separate offers to shareholders of Origa Care (EUR 9 a share) and One Publicus Fastighets (SEK 110 a share). Origa Care holds 13 community properties in Finland and One Publicus three in Sweden; PPI already owns about 1% and about 36% respectively. Consideration is 70% new PPI shares and 30% cash, at most SEK 442m in total (PPI via Inderes, 29.09.2026). — Source: https://www.inderes.fi/en/releases/ppi-intends-to-submit-two-separate-and-independent-offers-to-the-shareholders-of-origa-care-ab-and-one-publicus-fastighets-ab

tag:eurotrack.ai,2026:f2d6ac69:en 2026-09-22T06:00:00Z

Stora Enso Packaging is opening change negotiations (muutosneuvottelut) covering about 50 employees: corrugated packaging output is to be concentrated in Lahti and the Kristiinankaupunki (Swedish: Kristinestad) unit shut permanently, no earlier than May and no later than September 2027. The company cites a difficult Finnish market for several years, relatively high fixed costs and the need for equipment investment; sales, customer service and warehousing would remain on site (Yle, 22.09.2026). Update (29.10.2026): Change negotiations have ended. Stora Enso Packaging is ending corrugated packaging production in Kristiinankaupunki, with about 50 jobs lost and fewer than 10 staff remaining in warehousing, sales and customer service. Production moves to Lahti from November, with the transfer expected to finish in autumn 2027 (Yle, 29.10.2026). — Sources: https://yle.fi/a/74-20247592 · https://yle.fi/a/74-20254046

tag:eurotrack.ai,2026:feaa77d9:en 2026-09-21T06:00:00Z

Norway's Public Property Invest (PPI) is acquiring six social-infrastructure properties totalling around 63,400 sqm from Sweden's SBB — among them a care home in Stockholm, a police station outside Helsinki and a Karlskrona project let to Saab on a ten-year lease; expected annual net operating income on completion is SEK 76 million. The underlying property value is about SEK 1.35 billion (a discount of roughly 3 %), with a net purchase price of some SEK 1.26 billion after deducting outstanding project costs: SBB receives around SEK 250 million in cash and about SEK 1.01 billion in just over 39.4 million newly issued PPI shares, lifting SBB's stake in PPI from about 41 % to 43 %. Completion is subject to resolutions by extraordinary general meetings of both companies and is expected in the fourth quarter of 2026 (Placera, 21 Sept 2026). — Source: https://www.placera.se/nyheter/sbb-saljer-fastigheter-for-135-miljarder--okar-agandet-i-ppi-2026-09-21

tag:eurotrack.ai,2026:0d1e512c:en 2026-09-18T06:00:00Z

On 18 September 2026 Germany's Federal Cartel Office cleared the planned acquisition of Sidra Wasserchemie GmbH (Ibbenbüren) by Finland's Kemira Oyj (Helsinki) after an in-depth competition review. Authority president Andreas Mundt said the extensive investigation had shown a strong market position for both companies, particularly in iron salts in parts of Germany and partly in neighbouring countries, but that enough competitors remain in Germany and abroad to sufficiently constrain the merged entity's scope for action. (Sources: Bundeskartellamt via chemie.de, 18 Sep 2026; finanznachrichten.de, 18 Sep 2026) — Source: https://www.chemie.de/news/1189871/fusion-im-wasserchemie-markt-kemira-schluckt-familienunternehmen-sidra.html

tag:eurotrack.ai,2026:e9bef27d:en 2026-09-09T06:00:00Z

On 9 September 2026 Google announced plans to invest around EUR 13 billion in 2027–2028 to expand its AI/data-centre infrastructure in Finland — the company's largest single investment in Europe. This covers the existing Hamina site (expansion) plus three new builds in Kajaani, Muhos and Vaala. Google estimates the construction-phase employment effect at roughly 37,000 jobs nationwide (about 16,000 directly in construction) and around 7,000 'supported' jobs a year once operational (direct and indirect, per Google's press release); as this is an impact estimate rather than announced hires, no jobs figure is counted here. The project is paired with a 22-year power purchase agreement with Fortum to extend the life of the Loviisa nuclear plant, plus 629 MW of new onshore wind capacity and a 94 MW battery storage system (Yle, 9 September 2026). Update (06.10.2026): Finland's Permit and Supervision Authority (LVV) has ordered Google's subsidiary Tuike Finland to halt preparatory works at the Muhos and Kajaani data centre sites by 23.10.2026 at the latest until the environmental impact assessments are complete – covering tree felling, excavation, blasting and the construction of site roads, among other things. According to Google, about 330 ha of forest have already been cleared in Muhos and just under 200 ha in Otanmäki (Kajaani); the assessments are expected to conclude in 2026 (LVV, 06.10.2026; Daily Northern/Yle, 06.10.2026). Update (26.10.2026): According to Baxtel, Google confirms the pause of work at Muhos and Kajaani, country manager Antti Järvinen apologised, a petition for tighter rules has over 93,000 signatures, and the authority LVV will decide after the environmental impact reports expected at the end of 2026 (Baxtel, 26.10.2026). Update (29 October 2026): Google subsidiary Tuike Finland confirmed on 14 October 2026 that preparatory work at Muhos and Kajaani-Otanmäki had been suspended. Oulu police have opened a preliminary investigation into suspected environmental damage at the Muhos site; Tuike must submit a detailed water management plan by 5 November 2026 (Yle, 29 October 2026). — Sources: https://www.googlecloudpresscorner.com/2026-09-09-Google-Deepens-Commitment-to-Finland-with-Two-Year-EUR13-Billion-investment-in-AI-Infrastructure · https://lvv.fi/-/lupa-ja-valvontavirasto-kehottaa-tuike-finland-oy-ta-keskeyttamaan-muhoksen-ja-kajaanin-datakeskushankkeiden-valmistelutoimet · https://www.dailynorthern.com/33901/authority-orders-google-to-halt-data-centre-site-work/ · https://baxtel.com/news/google-apologizes-and-halts-work-at-two-finnish-data-center-sites · https://yle.fi/a/74-20254086

tag:eurotrack.ai,2026:d34b15b9:en 2026-09-01T06:00:00Z

Joint press release dated 1 September 2026 (GlobeNewswire; Cerebras' IR site blocks automated requests, hence trade press as the link). No direct jobs figure is recorded because only a range (80–250) is given. — Source: https://www.storagenewsletter.com/2026/09/02/cerebras-and-compute-nordic-finland-announce-new-165mw-ai-data-centre-in-mikkeli-finland/

tag:eurotrack.ai,2026:bd802efd:en 2026-08-26T06:00:00Z

UPM and Sappi had signed binding agreements in May 2026 for a 50:50 joint venture combining their European communication-paper businesses, aiming to become the EEA market leader (with roughly EUR 100 million in expected synergies). On 26 August 2026 the European Commission sent the companies a statement of objections setting out its preliminary view that the venture could harm competition in coated mechanical and coated woodfree magazine paper. The notice does not prejudge the outcome; UPM and Sappi can respond and request a hearing. Closing had been targeted for end-2026. — Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1747

tag:eurotrack.ai,2026:9eb39004:en 2026-08-18T06:00:00Z

On the Helsinki–Riihimäki rail project the western additional track between Kytömaa and Ainola has entered service, so the main line from Helsinki to Purola in Järvenpää now has four tracks throughout and a bottleneck on Finland's busiest rail section is removed. The two new tracks beside the existing double track were built in 2023–2026 (the eastern one opened at the end of 2024); Ainola is also getting a new station with step-free, covered platforms, and an underpass with lifts is due in August 2027. The EU co-financed project runs in three phases: the first ended at the end of 2024, and the second (2021–2030) adds further additional and freight tracks between Kerava, Järvenpää, Jokela and Riihimäki, including about 20 km of four-track line between Kerava and Jokela. The date is a placeholder: the article names no day of commissioning, and the report date is used. (LOK Report, 18 Aug 2026) — Source: https://www.lok-report.de/news/europa/finnland/finnland-die-strecke-von-helsinki-bis-purola-ist-nun-viergleisig.html

tag:eurotrack.ai,2026:73d28299:en 2026-08-13T06:00:00Z

Finnish insurer and asset manager Mandatum agreed on 13 Aug 2026 to buy 78.4% of Cliens Holding, the parent of Stockholm-based asset manager Cliens Kapitalförvaltning, for SEK 705m in cash (about €64m). Cliens managed around SEK 36bn at the end of June 2026, has 26 employees and keeps its own brand; management and staff retain 21.6%. Update (16.10.2026): After clearance from the Swedish financial supervisor and competition authority, Mandatum has completed the purchase (Mandatum, 13 Aug and 16 Oct 2026). — Sources: https://www.mandatum.fi/en/corporation-news/2026/inside-information-mandatum-acquires-swedish-asset-manager-cliens-and-strengthens-its-position-in-nordic-asset-management/ · https://news.cision.com/se/mandatum-oyj/r/mandatum-slutfor-forvarvet-av-cliens,c4409790

tag:eurotrack.ai,2026:8ceb8a22:en 2026-08-10T06:00:00Z

After more than 30 years of interruption (service discontinued in the late 1980s/early 1990s), cross-border passenger rail between Tornio (Finland) and Haparanda (Sweden) resumes on 10 August 2026. Finnish operator VR, under a public service agreement with the Traficom authority, will run trains between Oulu, Tornio and Haparanda with 28 weekly departures (two daily services each direction); travel time Oulu-Haparanda is roughly 90-120 minutes. Because of differing track gauges (Finland 1,524 mm, Sweden 1,435 mm), passengers must change to Swedish operator Norrtåg at Haparanda station; the necessary electrification of the line was completed in early 2025, and the VR-Traficom agreement was signed in June 2026. Update (10.08.2026): Service started as planned on 10.08.2026 with two daily return trips Oulu–Tornio–Haparanda; according to Yle, the earlier railbus service between Kemi, Tornio and Haparanda ended in 1988 (Yle, 10.08.2026: https://yle.fi/a/74-20231524). — Source: https://www.helsinkitimes.fi/themes/themes/travel/28977-finland-and-sweden-to-launch-new-cross-border-rail-service.html

tag:eurotrack.ai,2026:b217ed8c:en 2026-07-24T06:00:00Z

On 24 July 2026, alongside its half-year results, the board of Finnish engineering group Valmet initiated a strategic review of whether its two core segments, Biomaterial Solutions and Services and Process Performance Solutions, would create more value as two standalone companies listed on Nasdaq Helsinki than under the current combined structure. Both segments already report separately and are, according to the announcement, largely independent, profitable businesses of sufficient scale. Valmet explicitly stresses that there is no guarantee the review will lead to any transaction; a separation will only be executed or recommended if clear evidence of added shareholder value emerges. An update is promised at the latest with the full-year 2026 results. The share rose sharply on the day of the announcement. — Source: https://www.prnewswire.com/news-releases/inside-information-valmet-initiates-a-strategic-review-to-evaluate-a-potential-separation-of-its-two-segments-302833985.html

tag:eurotrack.ai,2026:dda14494:en 2026-07-21T06:00:00Z

Spanish utility Iberdrola is acquiring an 80% stake in Caruna, Finland's largest electricity distribution network operator (89,000 km of network, around 1.5 million people served), for roughly €2bn; enterprise value including debt is about €5bn. Nordic pension funds AMF and Elo retain a combined 20%. The deal marks Iberdrola's entry into the Finnish market and expands its regulated networks business, which faces additional investment needs from electrification, data centres and renewables. Completion is expected in the first quarter of 2027, subject to customary approvals. Second sources: Bloomberg and Renewables Now (21/22 July 2026). Update (16.09.2026): The European Commission has cleared Iberdrola's acquisition of sole control of Caruna Networks Oy unconditionally in Phase I — the first regulatory approval for the transaction; Finnish approvals remain outstanding (Moncloa, 16.09.2026: https://www.moncloa.com/2026/09/16/bruselas-autoriza-iberdrola-caruna-3432272/). — Source: https://www.esgtoday.com/iberdrola-acquires-finlands-largest-electricity-distribution-company-at-e5-billion-valuation/

tag:eurotrack.ai,2026:105484ff:en 2026-07-17T06:00:00Z

Staffing provider Barona is withdrawing up to 81 agency workers deployed at Škoda Transtech's rail-vehicle plant in Otanmäki (Kajaani) — welders, machinists, surface finishers among them; around 20 have already been placed elsewhere. The trigger is a drop in orders reported by Škoda Transtech. This is a distinct consequence at the staffing firm, first quantified on 17 July; the restructuring at Škoda Transtech itself (up to 200 permanent staff) had already become known in May 2026 (second source: Kainuun Sanomat). — Source: https://yle.fi/a/74-20236750

tag:eurotrack.ai,2026:92b609eb:en 2026-07-14T06:00:00Z

The British operator Pure DC is building an AI data centre campus in Seinäjoki: Phase 1 with 110 MW for over €1.5 bn is already fully leased, and the site can be scaled to over 550 MW and around €7.5 bn. Largest foreign investment by a British company in Finland; over 3,000 jobs during the roughly ten-year construction phase, with waste heat feeding into the district heating network. Follow-up: on 21 July 2026 Pure DC secured an additional €1.3bn of committed senior debt (SMBC, ABN AMRO, Citi, Société Générale, Natixis CIB) to accelerate phase 1 (110 MW, over €1.5bn). Follow-up (21 July 2026): Pure DC secured an additional €1.3bn in debt financing for the already fully leased Phase 1 (110 MW), arranged by SMBC, ABN AMRO, Citi, Société Générale and Natixis CIB; at full scale (550+ MW) the investment could exceed €7.5bn. Source: GlobeNewswire press release, 21 July 2026. — Source: https://theenergyst.com/british-data-centre-firm-pure-dc-signs-6-4bn-finland-deal/

tag:eurotrack.ai,2026:22370248:en 2026-07-14T06:00:00Z

Fenniarail is getting new premises in the Tehola logistics area of Kouvola for operations, locomotive maintenance, administration and train drivers, to be built by Kouvolan Yritystilat and finished by autumn 2027. A modern maintenance depot and new headquarters will replace the depot in Kotka, the head office in Helsinki and the storage space in Voikkaa; other maintenance work now spread across sites can also be pooled there, which shortens empty runs and drivers' walking distances and raises fleet availability. The report gives no investment sum or job figures, and not all drivers will move: their bases remain in places such as Imatra and Jyväskylä. The date is the day of the report; the article does not name an announcement date. (LOK Report, 14 Jul 2026) — Source: https://www.lok-report.de/news/europa/finnland/finnland-das-moderne-depot-und-die-zentrale-von-fenniarail-werden-im-herbst-2027-in-kouvola-fertiggestellt.html

tag:eurotrack.ai,2026:2da3a0bd:en 2026-07-09T06:00:00Z

Finland's S-Pankki (S Group, Helsinki) on 09.07.2026 launched a cash offer of €17.20 per share for listed Oma Säästöpankki, recommended by the target's board; this values the deal at around €571.4m and represents a 47% premium to the previous day's closing price. Oma Säästöpankki serves more than 200,000 retail and corporate customers through 48 branches with about 600 staff; S-Pankki aims to gain scale and efficiency from the combination. Approvals from the ECB and the competition authority are among the conditions, with completion planned for the fourth quarter of 2026 (S-Pankki press release, 09.07.2026). Update (28.09.2026): after the offer period closed on 25.09.2026, the preliminary result shows about 96.58% of shares tendered; the final result is due around 30.09.2026 and payment of the offer price is scheduled for around 07.10.2026 (S-Pankki stock exchange release via GlobeNewswire, 28.09.2026). Update (7 Oct 2026): S-Pankki acquired 96.78% of all Oma Säästöpankki shares in the offer; a statutory squeeze-out and a subsequent offer period are to follow (Taloustaito, 1 Oct 2026). — Sources: https://www.s-pankki.fi/fi/tiedotteet/2026/sisapiiritieto-s-pankki-oyj-julkistaa-suositellun-1720-euron-osakekohtaisen-vapaaehtoisen-julkisen-kateisostotarjouksen-kaikista-oma-saastopankki-oyjn-osakkeista/ · https://www.taloustaito.fi/Rahat/s-pankki-osti-oma-saastopankin--muutos-ei-vaadi-asiakkailta-toimenpiteita/

tag:eurotrack.ai,2026:9f976308:en 2026-07-09T06:00:00Z

Strengthens Europe's AI sovereignty through local, low-latency inference capacity as an alternative to US/Asia-centric Nvidia infrastructure; demand comes from European companies, research and governments. — Source: https://www.euronews.com/business/2026/07/09/cerebras-targets-europe-with-multibillion-dollar-ai-expansion-challenging-nvidia

tag:eurotrack.ai,2026:bfd07295:en 2026-07-07T06:00:00Z

On 1 July 2026 Russia closed most border crossings to Finland, Estonia and Latvia, but freight trains are exempt. Finland has nevertheless decided to end rail imports at the end of July because Russia raised customs duties on goods shipped to Finland eightfold; Finland itself had closed its border with Russia and ended passenger trains in December 2023. Most affected are block trains with ammonia for fertiliser production (not covered by EU sanctions for food-security reasons) that run via the Vainikkala border station and largely go on to Africa through the port of Kotka, plus the freight operator North Rail (Nurminen Logistics) with nine Dr20 diesel locomotives, which specialises in hauling these trains: it has announced redundancies and its survival is at risk. The date is the day of the report; the article does not name the day of the decision. (LOK Report, 7 Jul 2026) — Source: https://www.lok-report.de/news/europa/finnland/finnland-das-ende-der-russischen-exportzuege-nach-finnland.html

tag:eurotrack.ai,2026:2aaeb1cd:en 2026-06-29T06:00:00Z

Finnish energy group Fortum and the board of Elmera agreed on 29 June 2026 on a recommended voluntary cash offer for all shares of the Norwegian power and energy services company at NOK 47 per share, about 59% above the 24 June 2026 closing price; the total value is around NOK 5.1bn. Major shareholders holding about 30.4% had signalled their support. Update (23 Oct 2026): settlement of the offer has been completed and Fortum holds about 91.9% of the capital; a compulsory acquisition of the remaining shares and a delisting from Oslo Børs are planned (Fortum, 29 Jun 2026; Oslo Børs, 23 Oct 2026). Update (30 Oct 2026): Fortum has resolved a compulsory acquisition of all remaining Elmera shares at NOK 47 per share and now owns all shares; payment is due by 5 Nov 2026 (Oslo Børs, 30 Oct 2026). — Sources: https://www.fortum.com/media/2026/06/inside-information-agreement-between-elmera-group-and-fortum-recommended-voluntary-cash-tender-offer-shareholders-elmera-group · https://newsweb.oslobors.no/message/684676 · https://newsweb.oslobors.no/message/685254

tag:eurotrack.ai,2026:e04b2cf7:en 2026-06-15T06:00:00Z

On 15 June 2026 Kesko agreed to buy the building-services wholesalers Dahl in Sweden and Brødrene Dahl in Norway and Denmark from the French group Saint-Gobain, the largest acquisition in its history. The price is €1.2bn on a debt-free basis, or €1.518bn including lease liabilities; the businesses had sales of almost €2.1bn in 2025 and, according to Kesko, run about 190 outlets with around 2,700 staff. They are to continue as three units under their own brands. The deal is initially financed with a bridge loan from Danske Bank and Nordea (Kesko release of 15 Jun 2026, published by Arctic Today). Update (24 Sep 2026): The European Commission cleared the deal unconditionally; Kesko expects completion by the end of 2026 (Kesko). Update (8 Oct 2026): Kesko plans a rights issue of about €500–700m to refinance part of the bridge loan and has called an extraordinary general meeting for 30 October 2026 (Kesko, 8 Oct 2026). — Sources: https://www.arctictoday.com/%F0%9F%87%AB%F0%9F%87%AE-kesko-to-strengthen-its-technical-trade-by-acquiring-dahls-operations-in-sweden-norway-and-denmark/ · https://www.inderes.fi/releases/k-ryhma-european-commission-unconditionally-approved-the-transaction-in-which-kesko-acquires-dahl-operations-in-sweden-and-brodrene-dahl-operations-in-norway-and-denmark · https://news.cision.com/fi/k-ryhma/r/kesko-suunnittelee-noin-500-700-miljoonan-euron-suuruista-b-osakkeiden-merkintaoikeusantia-dahlin-ru,c4406010

tag:eurotrack.ai,2026:b399e7ab:en 2026-05-25T06:00:00Z

On 25 May 2026 Škoda Transtech invited employees, under Finnish co-determination law, to negotiations on restructuring at its Otanmäki plant that could lead to permanent job cuts of at most 200 of the roughly 600 positions (one third); other measures such as working-time and part-time arrangements may also be discussed. The trigger is uncertainty over the tram contract for the city of Helsinki: the Helsinki Region Transport authority excluded the company from the tender and the Finnish Market Court upheld the exclusion. Škoda Transtech is one of the main industrial employers in the Kainuu region; it says existing and future orders are not at risk and that the plant will continue to be used for business in the Nordic region. (LOK Report, 25 May 2026) Update (25 August 2026): Škoda Transtech has concluded its negotiations and will cut 117 jobs instead of the up to 200 first estimated; targeted temporary layoffs remain possible. (Škoda Group, 25 August 2026) — Sources: https://www.lok-report.de/news/europa/finnland/finnland-skoda-transtech-leitet-verhandlungen-ueber-organisatorische-veraenderungen-ein-die-zu-einem-personalabbau-im-finnischen-werk-otanmaeki-fuehren-koennten.html · https://www.skodagroup.com/press-release/skoda-transtech-oys-change-negotiations-have-concluded

tag:eurotrack.ai,2026:7988ecc7:en 2026-05-15T06:00:00Z

VR has put into operation a new wheelset maintenance centre, Wheel Works, with a modern wheelset lathe in Pieksämäki; Finland now has two such lathes instead of one, which VR says closes a critical gap in security of supply. The new lathe can also machine wheelsets for European standard gauge (1,435 mm), and the centre also makes wheelsets for new wagons and supports wagon building at the site. Large orders under way at the Pieksämäki works include heavy-duty wagons for the Swedish and Norwegian armed forces and roundwood wagons for UPM, and the overhaul of Dosto bogies (ER1) for a Swedish customer starts later this year; the report gives no investment sum. The date is the day of the report; the article does not name the day of commissioning. (LOK Report, 15 May 2026) Update (15 May 2026): VR has put its wheelset maintenance centre in Pieksämäki, including a new wheel lathe, into operation. (LOK Report, 15 May 2026) — Source: https://www.lok-report.de/news/europa/finnland/finnland-eine-neue-radsatzdrehmaschine-in-pieksaemaeki-auch-fuer-1435-mm-staerkt-die-versorgungssicherheit.html

tag:eurotrack.ai,2026:7780194f:en 2026-05-05T06:00:00Z

Supercell announced on 5 May 2026 that it would bring Merge Mansion into its portfolio and acquire the remaining shares in Helsinki studio Metacore; no price was given (Supercell, 5 May 2026). Update (19 October 2026): the acquisition has been completed and Metacore is now wholly owned by Supercell (MobileGamer.biz, 19 October 2026). — Sources: https://supercell.com/en/news/merge-mansion/ · https://mobilegamer.biz/supercell-has-completed-its-acquisition-of-merge-mansion-maker-metacore/

tag:eurotrack.ai,2026:28f6b894:en 2026-04-29T06:00:00Z

Kone is acquiring rival TK Elevator from private equity firms Advent and Cinven for €29.4bn including debt, paid with €5bn in cash and 270 million new Kone shares; TK Elevator has about 50,000 employees. Completion is expected in Q2 2027 at the earliest (Kone, regulatory release, 29 April 2026; second source: Euronews, 29 April 2026). Update (4 June 2026): Kone shareholders have approved the deal, and antitrust clearances are pending (Private Equity Wire, 4 June 2026). — Sources: https://www.inderes.fi/en/releases/kone-oyj-inside-information-kone-and-tke-to-combine-creating-a-world-class-company-in-the-elevator-and-escalator-industry · https://www.euronews.com/business/2026/04/29/mega-elevator-deal-finnish-lift-maker-kone-acquires-german-rival-tke-in-294bn-deal · https://www.privateequitywire.co.uk/kone-shareholders-approve-34bn-tk-elevator-acquisition/

tag:eurotrack.ai,2026:4ad590c3:en 2026-04-07T06:00:00Z

Finnish retail group SOK is selling the 13 Prisma Peremarket stores it operates in Estonia to Coop Eesti Keskühistu; about 700 employees are to move to Coop and the stores become Coop stores, while the Prisma brand is not part of the deal. Completion needs approval from the Estonian competition authority and is expected in 2026; the parties agreed not to disclose the terms (ERR, 7 Apr 2026). Update (7 Sep 2026): Coop Estonia has completed the acquisition of the 13 stores after the competition authority approved it in May; the conversion to the Coop brand runs in phases until November, around 700 employees transfer and the national market share rises from about 23% to 28% (Eurocoop, 7 Sep 2026). — Sources: https://news.err.ee/1609988682/finnish-sok-sells-prisma-supermarkets-to-coop-estonia · https://eurocoop.coop/coop-estonia-completes-acquisition-of-prisma-peremarket/

tag:eurotrack.ai,2026:22d99888:en 2026-03-31T06:00:00Z

On 31 March 2026 VR invited staff representatives to change negotiations affecting part of its track and locomotive-driver staff in logistics as well as fitters and employees in maintenance, about 1,400 of roughly 6,000 employees in Finland (around 9,500 group-wide). If the plans go ahead, at most 110 employment contracts would end; temporary lay-offs of up to 90 days per person are also being considered for locomotive drivers. The background is less freight and shunting work owing to an uncertain industrial outlook and changed customer needs, particularly in forestry, plus the planned overhaul of maintenance; VR will decide on the consequences once the negotiations are concluded. (LOK Report, 9 Apr 2026) Update (19 May 2026): VR's change negotiations on logistics and maintenance have ended: at most 88 employment contracts will end instead of the up to 110 announced. (Kaleva, 19 May 2026) — Sources: https://www.lok-report.de/news/europa/finnland/finnland-vr-plant-anpassungsmassnahmen-im-logistikgeschaeft-und-im-instandhaltungsbereich.html · https://www.kaleva.fi/vr-irtisanoo-enintaan-88-oulu-sailyy-kunnossapidon/13501219

tag:eurotrack.ai,2026:7d01aa26:en 2026-02-11T06:00:00Z

VR's extraordinary general meeting resolved on 9 October 2025 to hand all shares in the rolling stock company Suomen Ostoliikennekalusto (book value EUR 15.1 million) to the Finnish state as a return of capital; ownership passed on 1 November 2025. On 11 February 2026 VR and the company signed the sale of the fleet used in state-contracted passenger services for about EUR 250 million in total: phase 1 (expected to complete on 2 March 2026) covers the commuter fleet including the upcoming Sm7 trains, Kiskobussi railcars and night-train carriages, while phase 2 follows later in 2026 with newly ordered night-train and car-carrier wagons; the night-train locomotives are still to be decided. VR passes part of the purchase price on to the state as a return of capital in 2026, which keeps the restructuring financially neutral for VR, and remains operator until the end of 2030; the aim is equal market access for all passenger operators. (LOK Report, 13 Oct 2025 and 23 Feb 2026) — Sources: https://www.lok-report.de/news/europa/finnland/65330-finnland-vr-verkauft-zugmaterial-fuer-den-staatlich-bestellten-verkehr-an-die-rollmaterialverwaltung-suomen-ostoliikennekalusto.html · https://www.lok-report.de/news/europa/finnland/62168-finnland-der-gesamte-aktienbestand-der-rollmaterialverwaltung-suomen-ostoliikennekalusto-oy-geht-an-den-finnischen-staat-ueber.html

tag:eurotrack.ai,2026:9215835c:en 2025-11-20T06:00:00Z

The supplement to the 2026 draft budget that the Finnish government submitted to parliament on 20 November 2025 funds new transport projects: EUR 1.9 million a year for passenger trains between Tornio and Haparanda and EUR 0.8 million a year in 2026–2030 for daily Hanko–Helsinki services. For the Limingo–Oulu double track it proposes an authorisation of EUR 199 million with EUR 10 million allocated for 2026, and for the project companies Flygbanan and Östbanan EUR 7 million in planning grants, which re-allocates funds withdrawn earlier. Passenger services in Rauma, planned from 2027, are covered in the finance plan with EUR 2.5 million a year; all three passenger services are to move into the fully state-funded transport contract from 2030 or during the 2030s. The supplement also provides EUR 100 million for NATO's PURL initiative in support of Ukraine. (LOK Report, 24 Nov 2025) — Source: https://www.lok-report.de/news/europa/finnland/63287-finnland-schweden-nachtragshaushalt-unterstuetzt-personenverkehr-tornio-haparanda.html

tag:eurotrack.ai,2026:53dedc87:en 2025-10-31T06:00:00Z

After lengthy negotiations, the state and the participating municipalities (including Turku, Espoo, Salo, Lohja, Vihti and Kirkkonummi), as shareholders in Länsirata Oy, agreed on 31 October 2025 on financing the first construction phase of the partly double-track Helsinki–Turku railway; it covers the Espoo–Lohja, Salo–Hajala and Nunna–Kupittaa sections. The company puts total costs at EUR 1.32 billion; the shareholders commit up to EUR 800 million (EUR 400 million each from the state and the municipalities), and Länsirata Oy may later raise up to EUR 520 million in state-guaranteed debt, on which parliament will decide separately. Cost overruns are borne 67% by the state and 33% by the municipalities, with the state's commitments capped at EUR 920 million plus debt financing costs. The agreement still needs approval from all decision-making bodies and construction of the first sub-projects could start at the end of 2027 at the earliest; Prime Minister Orpo expects the whole line to be built. (LOK Report, 3 Nov 2025; second source: Yle, 31 Oct 2025) — Sources: https://www.lok-report.de/news/europa/finnland/62724-finnland-verhandlungen-zum-westbahnprojekt-laensirata-abgeschlossen-vertragsentwurf-zur-genehmigung-durch-die-entscheidungsgremien-der-gemeinden-und-des-staates-vorgelegt.html · https://yle.fi/a/74-20191578

tag:eurotrack.ai,2026:a10eb77a:en 2025-02-03T06:00:00Z

The single-track line Hyvinkää–Karjaa (Karis)–Hanko (including the Kirkniemi and Lappohja connecting spurs, roughly 149-165 km total) was electrified between 2021/2022 and early 2025. Commercial electric operation by VR started on 3 February 2025, initially with freight trains to the Port of Hanko; level crossings along the route were also upgraded for safety. The project aimed to improve the cost-efficiency of rail freight and cut emissions. — Source: https://en.wikipedia.org/wiki/Hanko%E2%80%93Hyvink%C3%A4%C3%A4_railway

tag:eurotrack.ai,2026:75f32b29:en 2025-01-07T06:00:00Z

The roughly 6.6 km second phase of the Tampere tram runs from the city centre across the artificial island of Näsisaari to the Lentävänniemi district. An initial section to Santalahti (2 km, 3 stops) opened on 7 August 2023, and the full route to Lentävänniemi has been in regular operation since January 2025. Line 1 now spans about 24 km in total. — Source: https://en.wikipedia.org/wiki/Tampere_light_rail