May 2026
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Largest DeepTech Public Companies in Finland
Benchmark revenue and EBITDA valuation multiples for public comps like
Vaisala, Bittium, Kempower, Revenio Group and Canatu.
 | Vaisala Oyj is engaged in the provision of measurement solutions and services for weather, environmental, and industrial applications. The company operates through two reportable segments: Industrial Measurements and Weather and Environment. The Industrial Measurements segment provides measurement instruments and solutions to optimize processes, product quality, and energy efficiency across industries. The Weather and Environment segment offers weather and environmental monitoring solutions, as well as data and software services, to support safety, operational efficiency, and decision-making. | $63 | +10% | $2B | $2B | 3.2x | 17.1x | ||
| Bittium Corp is a Finland-based company operating in the wireless business. It provides communications and connectivity solutions to customers in the Internet of Things, telecommunications, defense, and healthcare industries. The firm's product portfolio includes LTE smartphones for demanding security and public safety needs, wireless Internet protocol networks, voice-over-Internet protocol products, and LTE access points for tactical communications. The company develops healthcare technology solutions for biosignal measuring. Geographically, the company operates in Finland, the Americas, Europe, and Asia, and a majority of the revenue is derived from operations in Finland. | IoT+2 | $46 | +472% | $2B | $2B | 11.6x | 42.5x | |
| Kempower Corp designs, manufactures and commercializes charging solutions and services for electric vehicles and machines. Geographically, it derives a majority of its revenue from Rest of Europe regions and it also has a presence in Nordics, North America and Rest of the World. Its charging solutions include Kempower Power Unit; Kempower Movable Charger; Kempower Station Charger; Kempower ChargEye for Depots; Kempower ChargEye for CPOs and others. | $18 | +41% | $994M | $978M | 3.3x | 850.3x | ||
| Revenio Group Oyj is a Finnish health technology company. It develops and commercializes effective and easy-to-use health tech-related screening devices for detecting diseases of significance to public health. Its ophthalmic diagnostic solutions includes intraocular pressure (IOP) measurement devices (tonometers), and perimeter and fundus imaging devices under the iCare brand. Its eye care software platform Oculo offers clinical communication, telehealth, remote patient monitoring, and data analytics capabilities. The company's geographical segments include Finland, USA, and Others. | $17 | -47% | $439M | $420M | 3.2x | 11.5x | ||
| Canatu PLC creates nano solutions. It is developing carbon nanotubes (Canatu CNTs) and CNT reactors for the semiconductor, automotive, and medical diagnostics industries. The group focuses on creating the carbon nanotubes for industry-transforming products. | $9 | -15% | $317M | $212M | 11.7x | (25.7x) | ||
| Etteplan Oyj is engaged in providing engineering services. The company's operating segment includes Engineering Solutions; Software and Embedded Solutions and Technical Documentation Solutions. It generates maximum revenue from the Engineering Solutions segment. The company serves Aerospace and Defense; Consumer Products; Energy and Power Transmission; Automotive and Transportation; Forest, Pulp and Paper; Industrial Machinery and Components; Lifting and Hoisting; Medical Technology; Metal; Mining and Materials Handling; Offshore and Marine and other industries. Geographically, it derives a majority of its revenue from Finland and also has a presence in Scandinavia; China and Central Europe. | $8 | -34% | $214M | $295M | 0.7x | 6.7x | ||
| Teleste Oyj offers an integrated product and service portfolio that makes it possible to build and run a networked society. The company’s solutions bring television and broadband services, security, and safety in public places and guide the use of public transport. With solid industry experience and a drive for innovation, Teleste is an international company in broadband, security and information technologies, and related services. Further, the group connects with customers through a network of offices and partners. | $4 | +32% | $81M | $108M | 0.7x | 7.7x | ||
| Aiforia Technologies PLC equips pathologists and scientists in preclinical and clinical labs with powerful deep learning artificial intelligence software for translating images into discoveries, decisions, and diagnoses. The cloud based Aiforia products and services plan to escalate the efficiency and precision of medical image analysis beyond current capabilities, across a variety of fields from oncology to neuroscience and more. | $2 | -42% | $77M | $74M | 18.0x | (10.6x) | ||
| Modulight Corp is a biomedical company that designs and manufactures laser devices for the treatment of cancer and eye diseases and for genetics. The company also manufactures products for other high value-add applications such as quantum computing. | $1 | -9% | $52M | $45M | 5.4x | (961.2x) | ||
| Biohit Oyj is a biotechnology company. It manufactures products that bind acetaldehyde, diagnostic products, and systems for diagnostic analysis for the use of research institutions, healthcare, and industry. Biohit's product portfolio consists of diagnostic tests, analysis systems, products that bind carcinogenic acetaldehyde into harmless compounds and monoclonal antibodies and service laboratory operations. | $3 | -16% | $41M | $37M | 2.0x | 9.6x | ||
| Bioretec Ltd is a medical device company focusing on the development of safe, and reliable bioabsorbable and bioresorbable implants for pediatric and adult orthopedics. The company's products are used world wide and continue to further develop materials and products for high-load-bearing clinical applications. Some of its brands include RemeOs, Activa IM-N, ActivaPi, and ActivaScrew. | $0 | -99% | $34M | $29M | 7.1x | (3.0x) | ||
| Median | $8 | -15% | $214M | $212M | 3.3x | 7.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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