GASEK Oy, CCM-Power Oy and Asmacon Oy to combine their business

06.05.2013

Steam, heat and electricity generated from fresh wood - competitive products for gasifying wood chips. The merger will also create a basis for the export of Finnish technology know-how in clean energy.

GASEK Oy and CCM-Power Oy, specializing in renewable energy, and Asmacon Oy, specializing in power plant automation are combining their business activities. This will create a new company with excellent possibilities for growth in the industry. The growth will be accelerated by the need of European companies to find new energy solutions that are based on renewable energy and simultaneously offer notable savings in costs.

The new company will combine wood gasifier and drying technologies as well as power plant and automation know-how. By merging their expertise, the company will be able to offer products that help make efficient use of the renewable energy reserves available in Finland and in Northern Europe. The possibilities for exporting energy products are significant. At the start, the company will concentrate on steam and heat facilities, where the use of wood chips can replace oil in the industry’s existing oil-fired boilers. The Retrofit product will then offer a very fast return on investments. Key products for CHP facilities are also on the company’s agenda.

CEO of GASEK Kauko Väinämö emphasises the growth potential of the new company. “Our growth strategy has moved on to a new phase. We’ve worked with CCM-Power Oy before and we know each other well. We’re ready to face the challenges of the markets and will continue working in a very customer-driven way. Our growth is based on quality products and technologies that offer the customer added value, and on bringing them to market at a fast pace,” he emphasizes. Väinämö is also the CEO of the new company.

CEO of CCM-Power Oy Pekka Ahvensalmi notes that gasifier suppliers have always been a natural customer base for the company's chip driers. ”Now we can develop products that will help us turn fresh wood into electricity, steam and heat together. In addition to dryer patents, we also have patented innovations in gasifying that we can make use of in new customer groups," he explains.
“Finland is the natural place for developing technologies and products for the bioenergy markets. All global technology markets for renewable energy are massive and growing. Refining renewable forest energy demands reliable and efficient technologies in order for it to be a cost-efficient alternative to traditional energy production methods. We believe that we'll be able to be an important partner for our customers in solving energy production challenges and in developing the profitability of their business," says Vesa Sadeharju, chairperson for the new company and partner to VNT.

At the same junction, VNT Management Oy: a Power Fund and Aloitusrahasto Vera are making investments in the company to support business growth.


Additional information:
Kauko Väinämö, CEO, +358 40 1575159, kauko.vainamo@gasek.fi
Pekka Ahvensalmi, CEO, +358 40 7598792, pekka.ahvensalmi@ccm-power.fi
Vesa Sadeharju, chairperson of the board, +358 40 5073370, vesa.sadeharju@vntm.com

GASEK Oy was founded in 2008 and CCM-Power Oy in 2007. Both companies have developed technologies in renewable energy based on the use of wood chips. The merging IPR brief includes three confirmed patents and over ten new applications. The facilities of the merging company are located in Oulu (management and sales) and in Reisjärvi (research, development and production). For additional information, visit www.gasek.fi and www.ccm-power.fi

Asmacon Oy is a company in the automation industry located in Oulu, which designs, develops and implements projects relating to automation and process technologies. For additional information, visit www.asmacon.fi


Archive

2023
24.10.2023HD Hyundai makes a Strategic Investment in Elcogen
26.09.2023SolydEra and Convion to jointly address growth in fuel-cell and hydrogen market
04.05.2023Convion And Shell Form Partnership To Commercialise Solid Oxide Electrolysers (SOEC)
04.05.2023Norsepower secures €28 million from investors
2022
13.12.2022Octopus Energy Group’s Kraken acquires Power Fund III investee Depsys
18.08.2022Norsepower signs agreement with Dalian Shipbuilding Industry Co. Ltd. to install Rotor Sails onboard two newbuild CO2 carrier vessels
10.05.2022Elcogen receives €24 million investment from HydrogenOne
2021
21.07.2021Merus Power Oyj:n First North -listautumisanti on ylimerkitty, yhtiölle noin 8 000 uutta osakkeenomistajaa – kaupankäynti alkaa arviolta 8.6.2021
15.05.2021Kestävän ja energiatehokkaan tulevaisuuden mahdollistava teknologiayhtiö Merus Power suunnittelee listautumista First North - markkinapaikalle
01.05.2021Cority Acquires Power Fund III Investee WeSustain
2020
18.12.2020Half of the Top 10 "most sustainable companies in Germany" rely on WeSustain as software partner
21.01.2020Test of wind propulsion on Maersk Pelican completed: Norsepower Rotor Sails confirmed savings of 8.2% fuel and associated CO2 on Maersk Pelican
21.01.2020OGCI Climate investments leads MEUR8 investment in Norsepower
21.01.2020Elcogen Named Winner of Innovation at European Business Awards 2019
2019
01.10.2019Introducing WeSustain’s ESG Management
02.09.2019Swiss smart grid expert opens subsidiary in Singapore
12.02.2019CHF 13.2 million: Successful financing round strengthens DEPsys in Smart Grid growth market
12.02.2019#InnovFin: EUR 12 million loan from EU to Estonian clean tech company Elcogen
2018
31.10.2018Cajo Technologies Oy voitti Kasvu Open 2018 kilpailun
31.10.2018Cajo Technologies Oy is the winner of Growth Open (in Finnish: Kasvu Open) 2018 competition
08.02.2018Wello to export Wave Energy Converters to China
08.02.2018New clean energy system to make Finnish business district self-sufficient
18.01.2018Swiss Smart Grid Solution Company DEPsys Raises Additional CHF 2 Million of Funding
2017
09.11.2017Convion SOFC generates zero emission electricity and heat from biogas in Italy
02.11.2017Power Fund II investee Visedo sold
21.09.2017Visedo CEO, Kimmo Rauma, Takes Electric Message to the World
30.05.2017Maersk Tankers in wind power project
11.05.2017DEPsys has been selected for global energy startup accelerator program Free Electrons
11.05.2017Superb performance with renewable biogas
06.03.2017Application test of innovative off-grid power supply
02.03.2017Norsepower Rotor Sail Solution to be installed onboard Viking line cruise ferry vessel
2016
19.12.2016Visedo is ready to take a global lead in providing smart and high performance electric drivetrain systems
07.09.2016WeSustain develops reporting software for the partnership for sustainable textiles
13.06.2016Swiss Smart Grid Solution Company DEPsys Raises CHF 3 Million of Financing
22.03.2016Finnish Laser Marking Machine Provider Cajo Technologies heads to US markets
29.01.2016Performance monitoring and verification drives orders and investment for Norsepower
11.01.2016Visedo joins forces with Dutch marine electric system expert Electric Power Conversion B.V.
2015
03.11.2015Sustainability Management 2.0“ – WeSustain receives top marks
30.10.2015WeSustain becomes a SASB Enterprise Resource Platform (ERP) Partner
11.06.2015Visedo’s electric drive trains to equip world’s largest electric ferryboat
14.01.2015Merus Power wins its biggest contract ever
2014
14.12.2014Growth capital for WeSustain (Series B)
21.10.2014Self-Sufficient and Emission-Free Energy to Go
2013
21.10.2013Fuel cell company Siqens receives funding from Finnish investor VNT Management Oy and German KfW Bank
11.10.2013Mobilemarking Gets Nearly
€1 Million in Funding for Internationalization
10.09.2013Wello’s Wave Energy Converter Producing Clean Energy
06.05.2013GASEK Oy, CCM-Power Oy and Asmacon Oy to combine their business
31.01.2013Final Closing of Power Fund III
16.01.2013Valopaa Receives a Significant Capital Investment from VNT Management