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Summa Defence Ltd and Meriaura Group Plc to merge into a new group of companies in the defence sector

Summa Defence Ltd                                                        Press release, free for publication on 29.1.2025 at 11:00 On 29 January 2025, Meriaura Group Plc (“Meriaura Group”) signed a conditional share exchange agreement to acquire the entire share capital of Summa Defence Oy (“Summa Defence”), which brings together defence and security companies. The transaction will create a strong group of companies focusing on safety and security of supply in Finland, in which dual-use technology will play a significant role. In connection with the arrangement, the Marine Logistics

Summa Defence's subsidiary Uudenkaupungin Työvene and Baltic Workboats receive 110 million euro vessel order from Belgium

Summa Defence Ltd                                                        Press release, free for publication on 21.1.2025 at 10:00 EET Defense and security technology group Summa Defence's subsidiary Uudenkaupungin Työvene and Baltic Workboats have signed a 110 million euro shipbuilding contract with the Belgian government. Uudenkaupungin Työvene and Baltic Workboats have a joint venture called Nordic Yards Group, which is responsible for designing and building an environmentally friendly 80-meter pilot station vessel for the Belgian state company DAB Vloot. The contract duration

Chief Sales Officer Tommi Malinen joins Summa Defence’s management team

Summa Defence Ltd                                                        Press release, free for publication on 15.1.2025 at 10:00 EET    Tommi Malinen, who has extensive experience in leadership positions in the Finnish Defence Forces and international defense industry sales, has been appointed as Chief Sales Officer and member of the management team at Summa Defence Ltd. After his military career, Malinen has worked as Strategy Director at Valtra Oy, CEO at Kongsberg Defence Oy and Ascom Finland Oy, Sales Director at TietoSaab Systems, and Business Development Director at

Summa Defence acquires US deep technology company Lightspace, expert in combining augmented reality and AI

Summa Defence Ltd                                                        Press release, free for publication on 3.12.2024 at 14:00 EET                    The Finnish defence and security technology group Summa Defence Ltd acquires Lightspace, an American deep technology company. The companies have agreed on a transaction in which Summa Defence Ltd will acquire all shares of Lightspace Group, Inc through a share exchange. All current shareholders acted as the sellers. Lightspace is a deep technology company focusing on XR technology, i.e. augmented reality (AR) and virtual reality (

Summa Defence to Establish a Drone Production Facility in Finland with Ukrainian Partners

Summa Defence Ltd                                                                              Press release, free for publication on 28.11.2024 at 8:00 EET  The Finnish defense and security technology group Summa Defence Ltd is establishing a drone production facility in Finland in collaboration with its Ukrainian partners. The purpose of the facility is to rapidly increase production capacity for drones used in combat in Ukraine, while also introducing industrial-scale drone production in Finland and Europe. Widescale drone production is planned to begin in the first half of

IntLog, manufacturer of demanding space solutions, becomes part of Summa Defence

Summa Defence Ltd                                                        Press Release, free for publication 25.11.2024 at 9:00 EET                        The Finnish defense and security technology group Summa Defence Ltd and IntLog Oy have agreed on a transaction in which Summa Defence Ltd will acquire all shares of IntLog Oy through a share exchange. Emilia Koivisto and Jukka Pietilä acted as the sellers and will continue in their leadership roles in IntLog. With the transaction, they will become shareholders of Summa Defence. IntLog was founded in 2010 to handle the

Lännen MCE Oy, manufacturer of smart multipurpose machines, is now part of Summa Defence

Summa Defence Ltd Press Release, for immediate release at 18.11.2024 at 07:56 EET             Lännen MCE Oy, manufacturer of smart multipurpose machines, is now part of Summa Defence The Finnish defense and security technology group Summa Defence Ltd and the supplier of intelligent and mobile multipurpose machines, Lännen MCE Oy, have agreed on a transaction in which Summa Defence Ltd will acquire all shares of Lännen MCE Oy's subsidiaries through a share exchange. As part of this transaction, Lännen Tractors Oy, Aquamec Oy, and Sweden-based Lännen MCE AB will transfer to the

Uudenkaupungin Työvene Oy and Summa Defence to join forces

Summa Defence Ltd Press Release, for immediate release at 18.11.2024 at 07:55 EET  Uudenkaupungin Työvene Oy and Summa Defence to join forces The Finnish defense and security technology group Summa Defence Ltd and Uudenkaupungin Työvene Oy have agreed to an acquisition in which Summa Defence Ltd will acquire the entire share capital of Uudenkaupungin Työvene Oy through a share exchange. Founded in 1987, Uudenkaupungin Työvene Oy is an internationally renowned shipbuilding company known for its quality. The company has built vessels for the navies of Finland, Sweden, and Estonia;

CCO Tommi Manninen joins Summa Defence's management team

Press release November 7, 2024, at 09:00     Tommi Manninen, who has long been influential in the media and communications sector, has been appointed as Chief Communications Officer and member of the management team at Summa Defence Oy.    Manninen has previously worked in his career as  Senior Vice President, Communications and Public Affairs at the listed company Enersense International Oyj, and as Chief Content Officer at Kreab, a communications agency specializing in financial and investor communications, and has participated in several stock market listings and corporate

Lieutenant General Arto Räty Joins the Board of Summa Defence Ltd

Press Release    September 27, 2024, 11:00   Lieutenant General Arto Räty Joins the Board of Summa Defence Ltd   Lieutenant General (ret.) Arto Räty will begin as a new member of the board of Summa Defence Ltd on October 1, 2024.   In addition to a significant international military career, Arto Räty has also served as the Permanent Secretary at the Finnish Ministry of Defence. In recent years, Räty has worked as a Senior Advisor and served on the boards of several significant Finnish companies.   Räty has an extensive industry perspective and an international

Lieutenant General (ret.) Arto Räty will begin as a new member of the board of Summa Defence Ltd on October 1, 2024.

In addition to a significant international military career, Arto Räty has also served as the Permanent Secretary at the Finnish Ministry of Defence. In recent years, Räty has worked as a Senior Advisor and served on the boards of several significant Finnish companies. Räty has an extensive industry perspective and an international network. · “I feel it is almost my duty to be involved in creating opportunities for Finnish defense and security companies to grow and simultaneously provide the conditions for them to succeed globally. What particularly excites me about Summa Defence is

Rear Admiral Juha Vauhkonen Joins Summa Defence Ltd's Executive Board

Press Release    September 2, 2024, CET 13:00   Rear Admiral Juha Vauhkonen Joins Summa Defence Ltd's Executive Board   Summa Defence Ltd strengthens its Executive Board by appointing former Chief of Intelligence at the Defence Command, Rear Admiral Juha Vauhkonen, as the company's Director of Defence and Security Affairs, effective from September 2, 2024. Vauhkonen will be responsible for the strategic management and development of the company's defence and security affairs, creating value and competitiveness for the company.   Vauhkonen has an extremely broad industry

Summa Defence Ltd is a new Finnish defence consortium

30.7.2024 at 08:00 (EET)  A new defence consortium,Summa Defence Ltd, has been founded in Finland, bringing together Finnish defence companies and creating a powerhouse in the industry. The strengths of this new, significant defence actor include Finnish entrepreneurship, technological expertise, and the ability to bring innovation to industrial-scale production. The establishment of Summa Defence is based on a long-recognized need in Finland and the European Union (EU) to create situational awareness and industrial-scale production. New avenues to finance will enable the strongly

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