27.08.2014

China’s GeoStar opens first European branch in Finland

Finland is a cradle of scientific and technological innovations, according to GeoStar CEO Yifu Liu.

Wuda Geoinformatics Co Ltd (GeoStar), a leading Chinese geographic information service provider, has opened its first European branch in Espoo, southern Finland. According to GeoStar, it will be looking for Finnish customers as well as business partners who can utilize GeoStar’s technology in their products and help the company further develop its own technology.

“Finland is a cradle of scientific and technological innovations. By locating here we can become part of this ecosystem,” said Yifu Liu, CEO of GeoStar. “We can further develop our technology together with Finnish companies and at the same time help Finnish companies enter the Chinese and Finnish markets.”

Cooperation agreements

GeoStar has already signed cooperation agreements with the Finnish companies Pegasor Oy and Nordic ID. Pegasor specializes in fine- and nanoparticle sensor technologies and Nordic ID supplies mobile and fixed RFID readers, mobile barcode readers as well as RFID software applications. The Chinese city of Wuhan and the Finnish city of Salo also signed a Friendship City agreement as part of the ceremony marking the opening of GeoStar’s Finnish branch.

Founded in 1999, GeoStar is a technology transfer company of Wuhan University. It provides services covering the whole life cycle of geographic information, including spatial data with fast acquisition and production, integration and management, as well as sharing and publishing.

Sources: Helsinki Business Hub, Xinhua