SAF Tehnika buys drone manufacturer AeroVictory Baltic
AS “SAF Tehnika,” a manufacturer of wireless data transmission equipment, has acquired a 50.5% stake in the newly established drone manufacturer SIA “AeroVictory Baltic”.
“AeroVictory Baltic” has a paid-in share capital of 20,200 euros. As a result of the transaction, “SAF Tehnika” has acquired 102 shares out of a total of 202 shares, representing 50.5% of the share capital and voting rights.
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Originally published on 8 Apr
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The Estonian timber industry is getting more and more world-class companies on board, thanks to its sustainable forestry practices, strategic location, and strong infrastructure. This week, Ingka Investments, IKEA Group’s investment arm, has secured approval to purchase 153,000 hectares of Baltic forest land for €720M, reports ERR.
The Estonian Competition Authority has approved the acquisition of forest assets from Swedish-owned Södra Forest Estonia, which encompasses 18,000 hectares in Estonia and 135,000 hectares in Latvia.
The transaction is described as a strategic move by IKEA to strengthen control over its wood supply chain, while also committing to regional value creation. Tauno Kusma, forestland country manager at Ingka Investments Estonia, said the company aims to increase the proportion of wood processed locally to strengthen the Baltic forestry value chain.
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Originally published on 4 Dec
Stillstrom by Maersk and Port of Roenne have initiated a joint white paper to explore how Energy Island Bornholm could serve as a blueprint for integrating offshore wind energy with maritime electrification.
The new study, Energy Island Bornholm Powering Maritime Electrification, examines how renewable power production and future grid capacity can support charging solutions for electric ferries, cargo vessels and offshore service vessels – important steps to help shipowners invest in battery-powered fleets and advance the decarbonisation of European transport beyond road electrification.
Conventional cargo vessels passing Bornholm consume considerable amounts of fossil fuel every year. As battery technology continues to mature, battery-driven vessels are becoming increasingly viable. Stillstrom by Maersk, a marine technology leader delivering offshore power and charging solutions estimates that electrifying this segment would require around 17 TWh of new electricity consumption charging the battery-powered vessels replacing annually – in the range of – 3 million MT of marine gas oil (MGO) and roughly save €2 billion in oil imports.
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Originally published on 2 Dec
The Port of Oulu is preparing for significant green transition investments that will strengthen the region’s position as a hub for sustainable energy production and synthetic fuels.
The port’s updated master plan outlines developments through 2040, with the most notable changes driven by the emerging hydrogen economy. New port areas in Oritkari and the existing Vihreäsaari site will be zoned for chemical industry use. Key infrastructure upgrades include 400 kV substations and new quays to support future operations.
Earlier this year, French energy company Verso Energy secured a plot in Oritkari for a new plant dedicated to hydrogen and synthetic fuel production. The Port of Oulu’s TEN-T core network status and strong logistical connections were decisive factors in attracting the investment.
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Originally published on 3 Dec
As the heaviest-emitting sectors of industry aim for lower carbon footprints, attention is increasingly turning to the hydrogen economy. Northern Power 2026, taking place in Oulu this February, brings together the companies and experts building practical pathways toward carbon-neutral steel, aviation, and shipping.
Nordic Hydrogen Week gathers hydrogen technology users and developers in Oulu from 10–12 February 2026. The three-day programme, examining the hydrogen economy from multiple angles, culminates in the Northern Power Business Forum at Oulu Music Centre, where the entire hydrogen value chain comes together to develop actionable pathways toward decarbonization.
This year, Northern Power’s programme focuses particularly on the off-takers of hydrogen in the steel industry, maritime sector, and aviation – all themes that hold unique opportunities from a Finnish perspective.
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Originally published on 3 Dec
A “Kongsberg NanoAvionics” small satellite, “IHI-SAT2”, designed for global forest monitoring and the advancement of green credit initiatives, has successfully reached Earth’s orbit. The satellite was launched into space on 28 November from Vandenberg Space Force Base in California, as part of the SpaceX “Transporter-15” mission. Shortly after separating from the rocket’s second stage, the “NanoAvionics” mission control centre in Vilnius established a stable two-way communication link with “IHI-SAT2”, confirming its successful operation.
The satellite was manufactured on behalf of Japan’s “IHI Corporation” and “IHI Aerospace Co., Ltd.” and is part of the “NeXT FOREST” programme, undertaken by “IHI” in collaboration with “Sumitomo Forestry Company Limited”. Its onboard hyperspectral camera captures imagery across an exceptionally wide range of the electromagnetic spectrum, allowing precise identification of plant species, analysis of forest condition changes, and detection of stress or disease indicators. Such data provide invaluable insights for sustainable forestry practices and the development of environmental financial mechanisms.
It is particularly encouraging that “IHI-SAT2” was fully assembled and tested in Lithuania – at the “NanoAvionics” facility in Vilnius, from which the entire mission is also being coordinated. This marks the eleventh satellite launched by the company into space this year. Since commencing operations in 2014, “NanoAvionics” has already deployed more than fifty satellites into orbit, supporting climate monitoring, science, communications, and industrial projects worldwide.
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Originally published on 3 Dec
Tallinn Airport is embarking on the largest development project in its history, expanding the passenger terminal to accommodate future growth. By 2030, the airport expects to serve nearly 5 million passengers a year — a volume that exceeds the capacity of the current terminal. The terminal expansion is divided into five stages to allow construction in different parts of the building at different times, with works continuing until 2030.
The existing terminal was designed to serve 2.8 million passengers per year, yet today more than 3.5 million people already pass through Tallinn Airport annually. By 2030, the number is projected to reach nearly 5 million. The total estimated cost of the development project is 75 million euros, making it the largest investment in the airport’s history. The exact cost will be determined after all procurement processes have been completed. “Most of the design work has now been finalised. Construction of the first phase inside the terminal has already begun, and the next major construction tender will be announced in mid-December with estimated cost of 50 million auros,” said Riivo Tuvike, Chairman of the Management Board of Tallinn Airport.
“This expansion provides a foundation for future developments, which is why we designed the new volumes to integrate naturally with the existing terminal’s architecture,” explained architect Jaan Kuusemets from Dagopen. “The northern extension and smaller additions continue the terminal’s parapet line and will eventually be tied together with an elegant ribbon façade. The roof shape, overall massing and height are derived from the proportions of the historical terminal, reinterpreted in a contemporary architectural language to create a balanced and context-sensitive composition.”
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Originally published on 3 Dec
Lithuania could become one of Europe’s strongest tech centres within just five years, according to the latest study by the association Unicorns Lithuania. The analysis shows that by 2030, the number of startups in the country could triple, the number of specialists employed could double, and the state budget could receive an additional €5 billion in tax revenue.
However, according to the association, such a breakthrough is only possible if the country actively fosters the creation of artificial intelligence (AI) startups. The study estimates that this would require €270 million in state investment by 2030.
Association Chair Mantas Katinas says that Lithuania’s startups have already grown from a small niche to a sector of real economic significance. Last year alone, these companies contributed almost €0.5 billion in taxes to the state budget, and the value they create for Lithuania approaches €2 billion.
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Originally published on 28 Nov
Detection Technology, a global leader in X‑ray detector solutions, announces that its pioneering all-in-one CT detector system, AIDA, has advanced into customer evaluation, a major step toward its commercial rollout in early 2026. The move into evaluations also highlights AIDA’s mission to solve one of photon-counting CT’s (PCCT) biggest challenges: managing and transmitting massive data flows. Strong customer interest confirms the hardware-software platform’s suitability for real-world use.
AIDA is designed to redefine X‑ray imaging in medical, security, and industrial applications. The platform will support both static and rotating CT systems, including advanced modalities such as photon-counting CT (PCCT).
By integrating detector modules, data combiner boards, data control boards, optimized slip ring interfaces, and DT proprietary API compatible with the GigE Vision protocol into a single, unified hardware–software platform, the system simplifies overall architecture and data transfer while delivering unprecedented performance. The modular design ensures seamless integration while accelerating time-to-market, reducing total costs, minimizing interfaces, and simplifying supply-chain complexity.
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Originally published on 1 Dec
Over the past year, we have implemented significant improvements to our cargo handling capacity. The latest project – the widening of the shore ramp – was commissioned today 1st Dec 2025.
This upgrade enables cargo handling through three ramps on Enabler vessels instead of the previous two. Along with the 9-meter ramp extension, we also reinforced and expanded the quay area’s erosion protection, improving the long-term durability of the structures.
During this past autumn, the port’s timber storage yard was expanded by 8,000 square meters to meet the growing demand for timber storage.
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Originally published on 1 Dec
The US-based B2B (Business-to-Business) digital marketing startup 7 Knots Digital begins its expansion in Europe from Latvia, James Karklins, founder and owner of 7 Knots Digital, told LETA in an interview.
7 Knots Digital was founded in New York over five years ago with the aim of helping B2B businesses, B2B media and technology companies turn content into measurable results. The company works with B2B media, technology companies and event organizers, including major industry trade shows and conferences, to help turn content and marketing campaigns into measurable results, Karklins said.
“We started in New York and have since expanded to Canada, Toronto, and now Riga, Latvia,” said Karklins.
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Originally published on 2 Dec