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Adwatec Oy becomes part of Helkama Emotor group

Adwatec Oy has become a subsidiary of Helkama Emotor Oy on January 4, 2019, due to Helkama increasing its holding in the company to 62%.

Based in Kangasala, Finland, Adwatec Oy designs and manufactures liquid cooling equipment for power electronics. The global water cooling market is on the rise, and Adwatec operates internationally. Typical applications for Adwatec’s cooling equipment include the marine industry, power grid substations, frequency converters as well as large battery systems and power electronics needed for them. Access to a new, growing market and global presence are both features well integrated into Helkama’s strategy. As the new main owner, Helkama wants to be a strong supporter of Adwatec’s profitable growth.

Together with Helkama, the operating management of Adwatec Oy continues its holding in the company.

Helkama Emotor is a Finnish family business group operating in bicycles, cables and water cooling equipment for power electronics. Helkama Emotor Group consists of the parent company Helkama Emotor Oy; Helkama Bica Oy, manufacturing ship and telecom cables, and its subsidiary Helkama Bica (Shanghai) Co. Ltd; Helkama Velox Oy, a bicycle manufacturer and importer of bicycles; Adwatec Oy, and Ferris Wheel Oy, an investment company. Helkama Emotor Group’s net sales in 2018 were approximately EUR 75 million and it employs 400 people.

Helkama Emotor Oy’s associated companies include the Skoda car importer Helkama-Auto Oy and the real estate company Helkama-Kiinteistöt Oy. Helkama-Car’s subsidiary Helkama Rent Oy is the representative of Avis and Budget car rental services in Finland. www.helkamaemotor.fi

Adwatec is a water technology company serving customers in Marine, Power Grid, Heavy Industry, and other sectors globally. With almost two decades of experience in advanced water cooling for power electronics and a strong focus on R&D, the company provides its customers proven, state-of-the-art solutions today and in the future. www.adwatec.com

 

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