Summa Defence's target company Uudenkaupungin Työvene receives over 20 million euros vessel order from Sweden

Summa Defence Ltd                                                        
Press release, free for publication on 26.2.2025 at 10:00 EET
 

Defense and security technology group Summa Defence's target company Uudenkaupungin Työvene has signed a contract to build two battery-hybrid passenger vessels for Swedish shipping company Torghatten AB.

The vessels will operate on Sweden's west coast between Strömstad and the Koster islands. The vessels will be based on Multi Maritime AS design.

The total contract value exceeds 20 million euros.

"Our target companies' order backlog is already 200 million euros, and this order further strengthens it. Our target companies possess tremendous expertise and potential, and together with Summa Defence, operations and production can be scaled up significantly," states Jussi Holopainen, CEO of Summa Defence.

The target companies of Summa Defence include Lännen Tractors, Aquamec, Uudenkaupungin Työvene, IntLog and Lightspace Technologies. These companies are expected to become subsidiaries of Summa Defence Group tentatively in April 2025 in the execution of the share exchange transactions announced on January 29, 2025.

More information:
Jussi Holopainen, CEO
Phone: +358 44 517 4543
Email: jussi.holopainen@summadefence.com

Media contact:
Tommi Manninen, Chief Communications Officer
Phone: +358 400 437 515
Email: tommi.manninen@summadefence.com

Summa Defence in brief
Summa Defence is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. We focus on dual-use technologies related to situational awareness, mobility, and protection, benefiting the civilian, security, and defense sectors while enhancing comprehensive security, security of supply, and crisis management capabilities. www.summadefence.fi