Nokeval gains new owners and investments worth millions – new business operations to bring strong growth and jobs

MEDIA RELEASE 14 June 2021

Nokeval Oy, a technology and electronics company known for IoT solutions related to measurement, has gone through a generational change, which also expanded the ownership structure and brought in new management. The capital investments will enable Nokeval to invest in new business operations and personnel, which is why the company is now recruiting fresh professionals. In addition to leveraging digital solutions, Nokeval is seeking growth through ecological and responsible products and services, which it offers in four separate customer segments.

Nokeval Oy, a technology and electronics company known for IoT solutions related to measurement, has gone through a generational change, which also expanded the ownership structure and brought in new management. Jani Vähäsöyrinki will continue as the main shareholder and CEO. The new investors who stepped onboard are Hannu Saarinen, Lari Maasalo, Markku Lukkari and Jori Lukkari, who made jointly invested millions in Nokeval. Nokeval has used the capital investments to update its business operations, organisation and operational management. The new Board Chair is Hannu Saarinen. With the addition of the new owners and experts, Nokeval has gained a team of top professionals and is in the process of recruiting additional staff. As a result, Nokeval’s growth is reinvigorating trade and employment in the entire area.

“Nokeval is a unique jewel of a company with astonishing prospects for growth. Over the course of its more than four decades, the company has invested roughly 9 million euros in product development, resulting in a range of world-class products. The new business operations respond to the needs of customers in a variety of sectors. We will also be making stronger efforts to seek growth on the international markets, as our services are scalable and not bound by any geographical borders,” says Hannu Saarinen, shareholder and Chair of Nokeval’s Board of Directors. 

For the Food Preparation & Hygiene segment, Nokeval has developed a variety of cloud-based platform services. In the future, it will also provide foodservice operators and the food industry with a hygiene solution and, in compliance with the SUP Directive, a responsibly-produced concept for pre-prepared products, which can be used to produce, store and transport ready meals with due consideration to food safety and customer safety.

For the Construction & Environment segment, Nokeval has developed wireless solutions for measuring the conditions in buildings and their environment throughout their life span. The company is also developing a cloud service platform for IoT devices to measure interior air quality, humidity and surface temperature, for example.

For the Industry and other demanding operating environments, Nokeval will continue to offer complete device solutions for processes, quality control, wireless data transfer and remote monitoring.

For the Innovations & Solutions segment, Nokeval provides customised measuring solutions as well as a flexible, customisable and technology-independent cloud service platform for IoT solutions and information collection in all operating environments. This operational area includes product development projects in which solutions are fully tailored to meet specific customer needs. This means that the solution provided can be anything from a measuring device to a cloud service developed for a customer brand, for example.

“Developing efficient and functional IoT technology requires long-term commitment to product development work and to understanding customer needs. The needs of our customers are the starting point for all of our operations, and our activities are guided by an uncompromising desire to reach a sustainable end result that satisfies all parties. In addition to this, our customers appreciate that our products are developed and manufactured close to them, which ensures reliable deliveries and helps them fulfil their commitments related to responsibility,” says CEO Jani Vähäsöyrinki.

Nokeval is known as a long-term developer of IoT equipment and services. It has developed applications related to the Internet of Things (IoT) since the early 2000s, in a time when IoT was not yet a known concept. So far, the company has developed and manufactured more than 500 device models. The focus of the operations will continue to be on customer-specific solutions, wireless devices, cloud services and equipment for basic industry. In particular, the new business operations have been driven by the increased needs of companies to utilise digital solutions and, through them, boost performance and cost efficiency. Moreover, especially foodservice operators are urgently seeking responsible solutions that ensure customer safety. Nokeval will be providing new solutions to meet these increased needs among companies.

More information:

Jani Vähäsöyrinki, CEO, Nokeval Oy, tel. +358 50 527 6116, jani.vahasoyrinki@nokeval.com

Hannu Saarinen, Chairman of the Board, Nokeval Oy, tel. +358 41 512 1201, hannu.saarinen@nokeval.com

Nokeval Oy develops and manufactures IoT measuring equipment and solutions as well as cloud services for the needs of various fields. Through digital solutions and supplementing products, Nokeval helps its customers develop their business operations to be more intelligent and responsible. Among other fields in domestic and global markets, Nokeval’s customers operate in construction, environment, food production, hygiene and basic industry. Established in 1980, Nokeval Oy has its own electronics production plant in the ECO3 area of the Kolmenkulma industrial park in Nokia. The company currently employs 38 people, and its turnover in 2020 was about €3.4 million. More information: nokeval.com