KEMPPI PRESS RELEASE 23 NOVEMBER 2023 13.00 EET
Kemppi Group Oy is awarded with the Strategy Action of the Year 2023 recognition
The family company Kemppi Group Oy receives the Strategy Action of the Year recognition for the successful spin-off of Kempower. The award was made possible by Kemppi Oy's strong technology know-how and its internal innovative development work in extending the know-how and welding solutions to the charging operation. Agile and timely adoption of the international trend of vehicle electrification has proven to be a successful strategic decision.
The prestigious recognition annually awarded by Strategic Management Society of Finland (SSJS), the Strategic Action of the Year is a visible, strategy-bracing action that has contributed positively to the development of Finland, an individual company, industry or community.
Kempower designs and manufactures reliable and user-friendly DC fast charging solutions for electric vehicles. Kempower focuses on all areas of electric mobility, from electric cars, trucks, and buses to machines and marine. Product development and production are located in Finland and most of the materials and components are sourced locally.
The company has grown organically, e.g., by building a new production facility in the United States. The year 2022 was excellent for Kempower. Revenue increased by almost 300 percent in 2022 and was more than EUR 100 million. Kempower is listed on the Nasdaq First North Growth Market Finland - marketplace.
"SSJS awards Kemppi Group especially because the implementation of Kempower's strategy has been successful and the chosen strategy has been fruitful. The strategy has effectively utilized Kemppi's traditional core expertise in power sources. With the help of the strategy, international growth has also been boldly pursued, which is a good example for other Finnish companies as well," says SSJS chairman Jouni Flyktman.
Strategic Management Society of Finland SSJS is Finland's leading network of strategy professionals. The task of the association is to lead a bold strategy discussion that helps the organization to make strategic management a competitive advantage. With strategic thinking, the association brings effectiveness and responsibility to solving social challenges and at the same time promotes the success of Finland and the development of our membership and the meaningfulness of the work.
Communications Manager, Kemppi Oy
Tel. +358 40 5108604
Kemppi in brief
Kemppi is the design leader in the arc welding industry. We are committed to boosting the quality and productivity of welding by continuous development of the welding arc and by working for a greener and more equal world. Kemppi supplies sustainable products, digital solutions, and services for professionals from industrial welding companies to single contractors. The usability and reliability of our products is our guiding principle. We operate with a highly skilled partner network covering over 70 countries to make its expertise locally available. Headquartered in Lahti, Finland, Kemppi employs close to 800 professionals in 16 countries and has a revenue of 195 MEUR in 2022.
Kemppi – Designed for welders