Summa Defence’s target company Uudenkaupungin Työvene receives over 20 million euros vessel order from Sweden – to build two battery-hybrid passenger vessels
Summa Defence Ltd
Press release, free for publication on 26.2.2025 at 10:00 EET
Defense and security technology group Summa Defence’s target company Uudenkaupungin Työvene has signed a contract to build two battery-hybrid passenger vessels for Swedish shipping company Torghatten AB.
The vessels will operate on Sweden’s west coast between Strömstad and the Koster islands. The vessels will be based on Multi Maritime AS design.
The total contract value exceeds 20 million euros.
Jussi Holopainen, CEO of Summa Defence, states:
Our target companies’ order backlog is already 200 million euros, and this order further strengthens it.
“Our target companies possess tremendous expertise and potential, and together with Summa Defence, operations and production can be scaled up significantly,”
The target companies of Summa Defence include Lännen Tractors, Aquamec, Uudenkaupungin Työvene, IntLog and Lightspace Technologies. These companies are expected to become subsidiaries of Summa Defence Group tentatively in April 2025 in the execution of the share exchange transactions announced on January 29, 2025.
Summa Defence in brief
Summa Defence is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. We focus on dual-use technologies related to situational awareness, mobility, and protection, benefiting the civilian, security, and defense sectors while enhancing comprehensive security, security of supply, and crisis management capabilities. www.summadefence.fi
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Summa Defence’s target company Uudenkaupungin Työvene receives over 20 million euros vessel order from Sweden – to build two battery-hybrid passenger vessels, source
