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Patria’s Executive Vice President, Global and member of Patria Group Management Jukka Holkeri to retire

Jukka Holkeri, Executive Vice President, Global and member of Patria Group Management, has informed that he will be retiring as of 1 of June, 2025.Jukka Holkeri has been leading Patria’s Global Division since 2022. He joined Patria in 1988 and, over 36 years, held many significant executive positions. During these years, Jukka Holkeri has held numerous significant executive positions within the Group, including executive positions in leading business units, responsibility for Patria's strategy process and development, and executive positions in marketing and sales.  "I warmly thank

Päivi Lindqvist appointed as Chief Financial Officer and member of Patria Group Management Team

PRESS RELEASE9 December, 2024Patria Päivi Lindqvist (M.Sc. Econ; MBA) has been appointed as Chief Financial Officer and member of Patria Group Management Team as of 17 March, 2025. She will report to Patria’s President and CEO Esa Rautalinko.Päivi Lindqvist joins Patria from Glaston, where she has been Chief Financial Officer since 2016. She has previously held executive positions in finance, communications, and investor relations at Basware, Outokumpu, and Tieto (now Tietoevry). Päivi also serves on Etteplan Board of Directors."I warmly welcome Päivi to Patria. Her experience and

Saab has placed a new order for the Senop AFCD TI smart sight

Senop has received an order from Saab for the delivery of the Senop AFCD TI smart sight. The order for the Senop AFCD TI underlines Senop´s ability to support a NATO country’s fighting capability in the modern battlefield.Senop Advanced Fire Control Device Thermal Imager (AFCD TI) is one of the first intelligent sights on the market for the Carl-Gustaf® M4 and M3 weapons and the only system which integrates all performance-critical features into one casing, and it is qualified for both Carl-Gustaf M4 and M3 weapons. Currently with high demand for military equipment, the capability to

Patria to provide 56 additional armoured command and control vehicles for Latvia

Patria and Latvian Ministry of Defence have agreed on the manufacturing and delivery of 56 additional armoured Patria 6x6 vehicles, on top of the already ongoing deliveries as part of joint Common Armoured Vehicle System (CAVS) programme. These vehicles will serve as command and control (C2) units. Production of the vehicles will utilize local industry capabilities in Latvia, including Patria’s armoured vehicle production facility in Valmiera, opened in May 2024. The deliveries will begin during this year and last until 2029. The value of the agreement is above 60 million Euros.“The new

Senop Oy, the Swedish Defence Material Admistration (FMV) and the Finnish Defence Forces Logistics Command have signed a military optronics framework agreement

Senop together with the Swedish and Finnish military procurement agencies has signed a framework agreement concerning the procurement of military optronics. The combined framework agreement enables a fast and cost-effective way of acquiring combat enhancing optronic capabilities for both countries.The framework agreement was signed on November 6, 2024 in Helsinki by the Chief of the Defence Forces Logistics Command, Brigadier General Tero Ylitalo, Director of the Command and Information Systems Division of the Swedish Defence Materiel Administration, Rebecca Ihrfors and President of Senop

Patria unveils a new modular mortar system - Patria TREMOS

On 29 October, 2024, at the Future Mortar Systems conference in London, UK, Patria launched Patria TREMOS. This robust and cost-effective mortar system increases the mobility and accuracy of trusted, traditional high firepower mortars.Patria TREMOS modernizes conventional mortars with advanced recoil technology, allowing integration into to various types of vehicles and responding to the current and future warfighting and crisis management needs with enhanced mobility, firepower and accuracy. The system can be equipped with an in-service barrel and breech enabling the use of qualified

Finland to purchase new mortar system from Patria

The Finnish Defence Forces will acquire a modular 120 mm mortar system from Patria. The procurement involves a pre-series of the new mortar system, set for delivery to the Finnish Army in 2025. The new mortar system integrates traditional heavy mortar weapons into a modular carriage, which is then mounted on a military truck. This system can utilize both existing and new traditional heavy mortars, along with the current fire management system, and it can be installed on various vehicles through its integration module. The solution is scalable to any kind of mortar system."Patria has

Patria Group’s Interim Report for 1 January – 30 September 2024

Patria’s net sales and order stock development were at a good level in the third quarter  +---------------------------------+----------++----------+--------+|Key figures  |1-9/2024  ||1-9/2023  |2023   |+---------------------------------+----------++----------+--------+|New orders, EUR million   |879.1  ||602.1  |948.4  |+---------------------------------+----------++----------+--------+|Order stock, EUR million   |2,281.3  ||1,884.3  |1,942.9 |+---------------------------------+----------++----------+--------+|Net sales, EUR

Patria received authority approval for the Nordic Drones acquisition and transaction of open source data collection product and business from WithSecure

PRESS RELEASE1 October, 2024 Patria  Patria announced on 13 June, 2024 about the acquisition of a leading manufacturer of drone systems Nordic Drones Oy and on 4 September, 2024 about the acquisition of an open source data collection product and business related to its cyber business area from WithSecure.The completion of both acquisitions required the approval of the Finnish Ministry of Employment and the Economy (‘TEM’) and the authority process has now been completed. The acquisitions will not affect customer commitments, employment relationships or other commitments made by the

Patria and Rheinmetall unveil first UK prototype Boxer Armoured Mortar Variant at Defence Vehicle Dynamics exhibition

PRESS RELEASE 19 September, 2024 Patria Patria and Rheinmetall announce the debut of their prototype Boxer Armoured Mortar Variant at the Defence Vehicle Dynamics (DVD2024) exhibition in Millbrook, Bedfordshire, UK on 18 September, 2024. This ground-breaking collaboration marks a milestone in the development of the British Army’s Armoured Mortar Variant, showcasing the innovative capabilities of both companies.The new Armoured Mortar Variant, designed to enhance battlefield effectiveness, features state-of-the-art Patria NEMO 120mm turreted mortar system integrated onto Boxer highly

Patria strengthens its cyber business area by acquiring a product and business related to open source data collection from WithSecure

Patria acquires an open source data collection product and business related to its cyber business area from WithSecure. As a result of the transaction, Patria will open an office in Oulu and 10 WithSecure experts currently working in the business area will join the company. The parties do not disclose the value of the acquisition.Patria plans to continue developing the acquired product as part of its Battlefield and critical systems offering. Its product range includes Patria CRAWLR, a system designed for collecting and analysing open-source data.  "Implementation of Patria's growth

Patria to provide modification design (Supplemental Type Certificate) for Norwegian Armed Forces Bell 412 helicopters

Patria has been selected to provide the modification design - a Supplemental Type Certificate (STC) - for Norwegian Armed Forces Bell 412 helicopters within the related upgrade programme. The contract for the upgrade was signed between Norwegian Defence Material Agency (NDMA) and Kongsberg Aviation Maintenance Services (KAMS). Within the agreement Patria acts as a subcontractor for KAMS.Bell 412s have served Norway for 35 years. Work is now being done to ensure that the fleet can continue to support the Armed Forces Special Forces and the Army until new helicopters are operational. “The

Patria Group’s Interim Report for 1 January – 30 June 2024

10 July, 2024 Patria Group’s Interim Report for 1 January – 30 June 2024: Patria’s net sales and order stock developed well in the first half year Key figures 1-6/2024 1-6/2023 2023New orders, EUR million 737.9 424.7 948.4Order stock, EUR million 2,302.0 1,876.1 1,942.9Net sales, EUR million 375.9 321.8 733.8Operating profit, EUR million 21.7 15.8 68.9Income before taxes, EUR million 17.3 14.2 64.0Equity ratio, % 33.0 39.1

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