CADMATIC in top 7 R&D investors in Finland!

Posted on September 14, 2021

As a percentage of annual turnover, CADMATIC invests the 7th most in R&D out of the top 100 companies in Finland.

Finnish technology and business magazine Tekniikka&Talous recently published its annual ranking of the biggest R&D investors in Finland. For the 2020 financial year, CADMATIC invested EUR 6,3 million in R&D, which represents 24,7% of turnover. This is an increase on the 21% of turnover invested in the 2019 financial year.

CADMATIC CEO Jukka Rantala is proud of this achievement, especially in view of a worrying declining trend in R&D investments in Finland over recent years as reported by the Finnish Broadcasting Company Yle on 6 September 2021. It is feared that lower R&D investments will negatively impact the Finnish economy in years ahead.

“Despite the Covid-19 related difficulties, we have invested strongly in R&D. We are increasing our investments to support our aggressive growth ambitions over the next 5 years. These R&D investments ensure that we keep developing products that empower our customers to push their quality and efficiency boundaries. I am, for example, very excited about the development work we are doing around Digital Twins, Virtual and Augmented Reality, and AI and their applications in industrial investment projects,” says Rantala.
Jukka Rantala

CADMATIC CEO Jukka Rantala believes that the strong R&D investments will support CADMATIC's aggressive growth ambitions of the next 5 years.