The number of new foreign-owned companies in Finland increased to 265 last year. Nearly 200 companies chose Helsinki area as their location.

Last year 265 new foreign-owned companies set up business Finland, compared to 229 in 2014. In addition, the foreign-owned companies already operating in Finland made more than 230 expansion or follow-on investment decisions to their businesses in Finland.

The countries making the most investments in Finland were Sweden, USA, Great Britain, Denmark and Germany. The sectors with the largest number of new foreign-owned companies were business services, health care and wellbeing, and ICT.

“Top Finnish know-how is very competitive and attracts leading international industrial players to our country”, says Antti Aumo, Head of Finpro’s Invest in Finland unit.

In the bioeconomy sector, domestic investments such as Metsä Group’s bioproduct factory in Äänekoski have also increased the interest of foreign investors.

Last year’s biggest single foreign investment was by the German company Continental which acquired the Finnish company Elektrobit’s automotive-software business for 600 million euros. Other major investments included data centre investments by Hetzner Online (170 million euros) and Telia (150 million euros), and Nordic Choice‘s hotel investment (120 million euros) in Jätkäsaari, Helsinki.

Source: www.goodnewsfinland.com

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