Case study

Fingu starts in Finland to gain strategic position in Europe

Fingu is a Chinese specialist maker of telecommunications equipment, which was attracted by Finland´s innovative and well financed hi-tech business environment to set up a subsidiary here.

Wuhan FINGU Electronic Technology Oy is the new company's official Finnish name that recently started operations here to gain a strategic position in Europe.

 

“Finland is a hi-tech society with great technical knowledge. We can learn a lot here and hire the right competences,” states Martin Storholm, Key Account Manager of Fingu.

 

Fingu's specialized telecommunication equipment range features wireless radio frequency (RF) devices in mobile telecoms systems. It provides RF-subsystems and devices for antenna feeding systems for leading global mobile telecoms system carriers. The company was founded in China in 1989, and has a registered capital of US$160 million.

 

Reliable business environment

 

“Our expectations are to gain more knowledge in the hi-tech field and to hire local knowledge and expertise in Finland,” Mr. Storholm says. According to him, the Chinese company values the Finnish business environment highly, especially its stability and well-funded environment.

 

Fingu has, however, also met some challenges during the location process in Finland. ”To set-up the company was itself a challenge due to our non-Finnish personnel, but we got great support from Invest in Finland (IIF) and the local government agency and were successful in the end. The first we heard of Invest in Finland was at a seminar in Beijing.“

 

Mr. Storholm thanks IIF for assisting Fingu with the right connections and for its continuing support.