US/UK/Canada

Share

Links

Pick a time period -
Tags ( Active)

Inside information: The business of Summa Defence’s subsidiary Summa Energy is sold

Summa Defence Plc       Company announcement, inside information        9 June 2026 at 6:00 p.m. EEST Summa Energy Oy has signed an agreement with Absolicon Solar Collector AB on the sale of its business. The transaction is part of Summa Defence's goal announced on 6 March 2026 to clarify the Group's structure and allocate resources to the company's focus areas. Summa Energy Oy is a supplier of large solar thermal plants. The company designs and delivers clean energy production systems for industry and district heating production as complete deliveries. In 2025, the company's net

Inside information: Summa Defence Plc enters into a EUR 8 million bridge financing arrangement and updates its liquidity and working capital position

Summa Defence Plc           Company announcement, inside information          5 June 2026 at 4:30 p.m. EEST Summa Defence Plc (the “company”) has today entered into a loan agreement with Largus Holding AB concerning a bridge financing arrangement of EUR 8.0 million. Largus Holding AB is a Swedish privately owned investment company controlled by Erik Salén. Largus Holding AB forms part of the Salén investment sphere, a Swedish family-owned investment group with a long history of entrepreneurship, active ownership and long-term investments. The purpose of the financing is to

Notice to the Annual General Meeting of Summa Defence Plc

Summa Defence Plc             Company announcement                1 June 2026 at 7:35 p.m. EEST The shareholders of Summa Defence Plc (the "Company") are invited to the Annual General Meeting to be held on Wednesday, 24 June 2026 at 10 a.m. at Valla Conference Centre, address Itämerenkatu 2, 00180 Helsinki, Finland. Entrance to Valla is via the Itämerenkatu-side entrance, opposite the Ruoholahti metro station. Registration of attendees and distribution of voting tickets will commence at 09:30 a.m. EEST. A. MATTERS ON THE AGENDA OF THE ANNUAL GENERAL MEETING The following matters

Summa Defence Plc’s Board of Directors' Report, Financial Statements and Auditor's Report for 2025 have been published

Summa Defence Plc, Company announcement, 29 May 2026 at 19:00 EEST Summa Defence Plc’s Board of Directors' Report, Financial Statements and Auditor's Report for 2025 have been published The financial statements have been amended compared to the unaudited financial statement release published on 31 March 2026 regarding the carrying amount of the Group's goodwill. On 22 May 2026, the company announced that it would sell its subsidiary Rasol Oy. As a result of the arrangement, Summa Defence recorded an impairment of approximately EUR 2.0 million in its 2025 financial statements. After

Inside information: Summa Defence Plc updates its assessment on working capital sufficiency and liquidity position

Summa Defence Plc   Company announcement, inside information   28 May 2026 at 9:55 a.m. EEST Summa Defence Plc has on 13 May 2026 announced, among other things, the following: ”Summa Defence Plc estimates that, without new financing or payment arrangements, its current working capital will not be sufficient for the company's needs for the next 12 months or for the implementation of its strategy to the planned extent. Based on the company’s current cash flow forecast, the current working capital is estimated to be sufficient for approximately two months, provided that the payment and

Summa Defence divests its subsidiary Rasol

Summa Defence Plc                        Company announcement            22 May 2026 at 12:00 p.m. EEST Summa Defence Plc has signed an agreement to divest its subsidiary, a renewable energy specialist Rasol Oy, to Rasol’s current management. The divestment is part of Summa Defence’s strategic review and evaluation of strategic alternatives for some of its subsidiaries, announced on 15 May 2026. The subsidiaries within the scope of the strategic review are IntLog Oy, Lightspace Group Inc, including its subsidiaries, as well as Aquamec Oy and Rasol Oy. Rasol is a Finnish renewable

Inside information: Summa Defence Plc initiates a strategic review to focus the Group's core businesses

Summa Defence Plc    Company announcement, inside information     15 May 2026 at 04:00 p.m. EEST Summa Defence Plc has initiated a strategic review and evaluation of alternatives regarding the Group's subsidiaries IntLog Oy, Lightspace Group Inc and its subsidiaries, Aquamec Oy and Rasol Oy. The objective of the review and the evaluation of alternatives is to support the Group's long-term strategy, develop its capital structure and accelerate growth in its the core businesses in the defence sector. The alternatives under evaluation may include, among other things, strategic

Inside information: Summa Defence Plc: working capital sufficiency

Summa Defence Plc    Company announcement, inside information  13 May 2026 at 7:30 p.m. EEST Summa Defence Plc estimates that, without new financing or payment arrangements, its current working capital will not be sufficient for the company's needs for the next 12 months or for the implementation of its strategy to the planned extent. Based on the company’s current cash flow forecast, the current working capital is estimated to be sufficient for approximately two months, provided that the payment and financing arrangements required in the short term progress as planned. The company’s

Change in Summa Defence’s Executive Management Team

Summa Defence Plc, Company announcement, 13 May 2026 at 18:30 EEST Change in Summa Defence’s Executive Management Team Hanna Kyrki, a member of the executive management team of Summa Defence Plc, has announced that she will be leaving the company for personal reasons. She has served as a member of the company's executive management team since August 2025. Kyrki will leave the company at the latest on 13 November 2026, and her responsibilities will be handled by the company's management in the future. "We thank Hanna for her contribution to the development of Summa Defence Plc and

Ibis Motor appointed distributor for Lännen and Lundberg multifunctional machines in Ukraine

Summa Defence PlcPress release, 7 May 2026 at 2:30 pm EEST Summa Defence Plc’s subsidiary Lännen Tractors Oy has signed an exclusive distribution agreement for the Ukrainian market with the Ukrainian company Ibis Motor LLC. The agreement covers the marketing, sales and aftermarket services of Lännen and Lundberg multifunctional machines throughout Ukraine. The cooperation is a significant strategic step for Lännen Tractors, as the company prepares for Ukraine’s future large-scale reconstruction, which is widely regarded as the largest reconstruction market in the world by scale.

Inside information: Summa Defence Plc’s subsidiary IntLog Oy selected as a supplier for rescue container deliveries to the Finnish Defence Forces and county rescue services

Summa Defence Plc | Inside information | 29 April 2026 at 9:15 p.m. EEST Summa Defence Plc’s subsidiary IntLog Oy has been selected as supplier in a public procurement decision by the Finnish Defence Forces Logistics Command regarding rescue containers for the use of the Finnish Defence Forces and several county rescue services. The total value of the procurement, including options, is approximately EUR 9.5 million. Of this amount, approximately EUR 2.5 million relates to the initial procurement volumes and approximately EUR 7.0 million relates to options. The strategically

Build with Ukraine: TAF Industries and Summa Defence sign MoU to scale UAVs production in Finland

Build with Ukraine: TAF Industries and Summa Defence sign MoU to scale UAVs production in Finland Summa Defence Plc Press release April 27, 2026 at 10:00 EEST ----------- Helsinki, April 27, 2026 TAF Industries, a Ukrainian miltech company specializing in unmanned aerial vehicles, and Summa Defence, a Finnish defense technology group, have signed a Memorandum of Understanding (MoU) to explore opportunities for industrial cooperation in Finland under the framework of the "Build with Ukraine" initiative. The MoU provides a framework to evaluate the potential establishment of

Nomination Committee’s Proposal for the Composition and Remuneration of the Board of Directors

Summa Defence Plc                 Company announcement 23.4.2026 at 18.30 EEST Composition of the Nomination Committee The Nomination Committee of Summa Defence Oyj has prepared proposals for the Annual General Meeting. The Nomination Committee has been constituted in accordance with the Charter adopted by the Annual General Meeting, with representatives of the company’s largest shareholders appointed based on their shareholdings as of 30 June 2025. The Nomination Committee consists of the following members: · Martti Haapala, Chair (Oy Haapalandia Investment Oy) · Mikko

Change in the date of the Annual General Meeting and the publication date of the financial statements

Summa Defence Plc        Company announcement 23.4.2026 at 10.15 EEST Summa Defence Plc’s Annual General Meeting will be held on 24 June 2026 instead of the previously announced 21 May 2026. The company will publish the Report of the Board of Directors and the Financial Statements for 2025 no later than 29 May 2026 instead of the previously announced publication during week 17 of 2026. The reason for the change is that the finalization of the financial statements and the completion of the audit have required more time than previously estimated. The company wants to ensure that the

Robert Blumberg to commence as CEO of Summa Defence Plc on 13 April 2026. Petter Ruda appointed as Chief Financial Officer.

Summa Defence Plc, Company announcement, 2 April 2026 at 10:00 EET Robert Blumberg to commence as CEO of Summa Defence Plc on 13 April 2026. Petter Ruda appointed as Chief Financial Officer. Summa Defence Plc announced on 12 March 2026 that it had appointed M.Sc. (Tech.), MBA Robert Blumberg (born 1974) as the company’s CEO. The company now specifies that Blumberg will commence in his position on 13 April 2026. At the same time, the Board of Directors of Summa Defence Plc has appointed Petter Ruda as Chief Financial Officer (CFO). Ruda will likewise commence in his position on 13

Summa Defence Plc’s working capital financing drawn down

Summa Defence PlcCompany announcement, inside information 31 March 2026 at 17:00 Summa Defence Plc announced conditional working capital financing in a release dated 19 December 2025. Following recently concluded significant order agreements, the company and its subsidiaries have now fully drawn down the announced working capital financing. The financing, raised in the form of promissory notes from key shareholders and a Nordic corporate bank, amounts to EUR 5.3 million. Guarantee facilities backed by Finnvera totaling EUR 6.7 million have also been utilized, with the purpose of

Financial statements release 1.1.–31.12.2025 (unaudited)

Summa Defence Plc, Company announcement 31.3.2026 at 16.45 EET This release is a summary of Summa Defence's financial statements release for January-December 2025. The release is attached to this company release in its entirety and is available on our website at: www.summadefence.fi Financial statements release 1.1.–31.12.2025 (unaudited) Net sales increased, but the result was negative. Unless otherwise stated, figures presented in parentheses refer to the financial year 2024. October–December 2025 in brief · Net sales were EUR 34.8 (20.4) million. Of the net sales, EUR

Change in the publication date of the financial statements release

Summa Defence Plc      Company announcement, 26.3.2026 at 17.00 EET The publication of Summa Defence Corporation's financial statements release will be postponed from the original date announced on December 30, 2025, to March 26, 2026. The reason is that the technical completion of the consolidated financial statements has taken more time than expected due to the changed group structure. The financial statements 2025 release will be published on 31 March, 2026. SUMMA DEFENCE PLCBoard of Directors More information: Timo Huttunen, väliaikainen toimitusjohtajaPuhelin:

Inside information: Summa Defence signs order with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support, Germany, for the delivery of an advanced SWATH vessel

Summa Defence Plc Company announcement, inside information 19.3.2026 at 10.00 EET Summa Defence Plc’s subsidiary Uudenkaupungin Työvene Oy has signed an agreement with the Federal Office of Bundeswehr Equipment, Information Technology and In-service Support (BAAINbw) for the delivery of an advanced SWATH personnel transfer vessel. SWATH is an abbreviation for Small Waterplane Area Twin Hull, which has been one of Uudenkaupungin Työvene's leading product development projects in recent years. The first SWATH crew transfer vessel (CTV) was delivered in September 2025 and is operating in

Inside Information: Summa Defence and a European NATO Member State Sign EUR 35 Million Supply Agreement

Summa Defence PlcCompany announcement, inside information 18.3.2026 at 15.30 EET Inside Information: Summa Defence and NATO Member State Sign EUR 35 Million Supply Agreement  Summa Defence Plc’s subsidiary company Lännen Tractors Oy has signed a significant agreement with a European NATO member state. The agreement is a confirmation of the negotiations announced on 4 November 2025 and concerns the delivery of NATO compatible Lännen 8800M‑DF multipurpose machines. The total value of the contract is EUR 35 million and will be added to the order book in the first half of 2026. The

Inside information: Summa Defence Plc appoints new CEO

Summa Defence PlcCompany announcement, inside information 12.3.2026 at 10.00 EET The Board of Directors of Summa Defence Plc has appointed M.Sc. (Tech.), MBA Robert Blumberg (born 1974) as the company’s CEO. Mr Blumberg will join the company from outside the organisation. He will commence his duties in accordance with his agreement on a date to be announced later, however no later than 12 September 2026. Timo Huttunen will continue as Acting CEO of Summa Defence Plc until Blumberg commences his position, after which Mr Huttunen will return to his role as CEO of Aquamec Oy. Robert

Summa Defence explores strategic options for Summa Energy Oy

Summa Defence Plc                      Press release                                                                                                                March 6, 2026 at 16:00 EET Summa Defence Plc is a Finnish defence and security technology group focusing in line with its strategy, on three business areas: maritime technologies, land technologies, and new technologies. The company also has a renewable energy business, a significant part of which is its subsidiary Summa Energy Oy, specializing in turnkey projects for large-scale solar thermal plants. Summa Energy Oy

Lightspace Technologies has received an order for a new model of high-resolution helmet-mounted Augmented Reality (AR) headset

Summa Defence Plc Press release on March 4, 2026, at 12:15 EET Lightspace Technologies SIA, a subsidiary of Summa Defence Plc, is a leading technology company in the field of augmented reality (AR) systems. Lightspace Technologies has received an order for a new, high-resolution augmented reality headset from a major European defense prime contractor company. The order is valued at EUR 500,000 and deliveries are scheduled for Q2-Q3 2026. This cutting-edge technology promises to deliver next-level situational awareness to overcome the growing complexity on the battlefield. SUMMA

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe

Media