Elomatic has sold its 51 percent shareholding in Turku and Jyväskylä-based cleantech company Caligo Industria to Swedish technology trading group Addtech Nordic AB. Caligo Industria’s private shareholders Juha Järvenreuna, Mika Nummila and Ari-Matti Mattila have also sold their shareholdings to Addtech and Caligo Industria has become a fully owned (100%) subsidiary of Addtech. The acquisition will allow the stronger future development of Caligo Industria and support its broader internationalisation.
Caligo Industria was founded in 2013 and is focused on energy efficiency solutions. The company’s main products are heat recovery condensers that recover heat from flue gasses released by power plants. In its core products, the company utilises heat pump solutions integrated with the condensers, which increase heat recovery manifold. Caligo’s turnover in 2019 was over 6 MEUR in 2019 and it currently has eight employees.
“Caligo has become a great success story built on the innovation that was created in Elomatic in 2012. Addtech will provide Caligo with a solid foundation for its next growth phase,” says Elomatic Chairman of the Board, Olli Manner.
Addtech’s about 130 independent companies sell high-tech products and solutions to customers chiefly in the manufacturing and infrastructure sectors. The acquisition will allow Caligo to grow quickly and promote broader internationalisation.
“Caligo is in excellent shape. I believe that as part of the Addtech network we can become an even stronger operator both locally and internationally,” says Caligo Industria CEO Juha Järvenreuna.
Caligo will explore future grown possibilities in new international markets by networking with Addtech’s subsidiaries and international operators in other business areas.
“Caligo will very effectively complement Addtech Industrial Process’ current operations,” says Claus Nielsen, Business Area Manager, Addtech Industrial Process.
For more information please contact:
Olli Manner, tel. +358 40 052 4843, firstname.lastname@example.org
Elomatic provides consulting, engineering, product development and project management services as well as products and turnkey solutions to industrial companies and public sector organisations. It has gained extensive experience of investment projects in different industrial areas over its 50 years of operation. It has also achieved international success with its CADMATIC 3D design software and information management solutions. Elomatic employs over 1100 experts in Finland, Poland, the Netherlands, India, China, Russia, Italy, Spain, Singapore and the UAE.
At the end of December 2018, Caligo Industria received an order from Katternö Group’s Oy Perhonjoki AB, whereby Caligo Industria will deliver a heat pump scrubber to the company’s Ylivieska 31 MW biomass plant. The commissioning of the scrubber will take place during autumn of 2019. This scrubber is to date the biggest scrubber delivered by Caligo Industria.
The scrubber will recover waste heat from the flue gases of the biomass plant. The recovered heat energy will be returned to the district heating network for further utilisation. The patented and thermodynamically optimised connection of the heat pump and the scrubber combined with automated control system are the core of the technology. The designed heat recovery of the Ylivieska scrubber is at least 25-30%.
The Caligo flue gas scrubber removes sulphur compounds from biomass plant flue gases and significantly reduces particulate emissions.
Finnish cleantech company Caligo Industria Oy has received three major orders from Finnish and French sawmills. In 2019, Caligo Industria will deliver flue gas scrubbers to the Keitele Group's Alajärvi and Keitele sawmills in Finland, and to the Piveteau Group's Sainte-Florence sawmill in France. The scrubbers will recover waste heat from the flue gases and the heat will be utilized as drying heat in the sawmill processes. The orders represent are a major breakthrough in the sawmill industry for Caligo. Caligo's deliveries to date have focused only on district heating plants.
The Caligo flue gas scrubber removes sulfur compounds from biomass plant flue gases and significantly reduces particulate emissions. The scrubber recovers waste heat from the flue gases. The recovered heat energy is returned to the sawmill driers for further utilization. The annual operating time and the power level of sawmills are typically high, so the energy saving potential is excellent.
“These orders are a major breakthrough for Caligo Industria in a completely new market. Improving the profitability of the sawmill industry and enhancing its environmental friendliness has opened up a globally important market for us. In addition, the system to be delivered to France strengthens our position in the local energy efficiency market. In just over five years, we have grown from a start-up into a profitable and respected company in Finland and in France,” says Caligo Industria's CEO Juha Järvenreuna.
Juha Järvenreuna, tel. +358 40 5745719, email@example.com
Caligo Industria Oy markets and sells product and system solutions for flue gas cleaning in the energy and process industries, as well as for process waste heat recovery.
The Caligo systems combine the practical application of thermodynamics and flow technology theories, as well as extensive experience in the practical challenges of the
energy and process industries. Caligo Industria is part of the Elomatic Group, a leading European design and consulting
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