Elomatic Company Profile

Background

Founded in 1970 by Ari Elo, Elomatic is a Finnish engineering and consulting company dedicated to enhancing environmental and human well-being. With over 50 years of experience, Elomatic has established itself as a pioneer in developing innovative design methods. The company offers comprehensive engineering and consulting services, delivering end-to-end solutions based on proprietary technologies. Serving both industrial companies and public-sector organizations, Elomatic is recognized for its reliability and flexibility. A central operating principle is a responsible, environmentally conscious approach, contributing to the creation of sustainable innovations. In 2021, Elomatic and its partners established Green North Energy, a green energy project development company focused on green hydrogen and ammonia plants.

Key Strategic Focus

Elomatic's strategic focus encompasses several core objectives:

• Marine Industry: Providing innovative design solutions that meet future environmental requirements, including full-scope concept development, basic and detailed design, and related consulting activities. The company offers services for various vessel types, from cruise ships to icebreakers, emphasizing fuel efficiency and product life cycle suitability. Elomatic's Elogrid solution reduces fuel consumption, and the company supports the adoption of future fuels in new and existing fleets.

• Industrial Sector: Driving the green transition by designing solutions that enhance environmental well-being and societal progress. Elomatic assists in developing and scaling up plants and production processes, focusing on the energy sector, machinery and equipment design, and the hydrogen economy. Core expertise includes biomaterials processing, Power-to-X technologies, nutrition industry expertise, and product development.

• Pharmaceutical Industry: Offering strong design expertise and reliable deliveries for pharmaceutical and medical device production suites. Elomatic designs, constructs, and qualifies new facilities and production lines, covering all investment phases from concept creation to operational qualification. The company ensures compliance with legislation, standards, and guidelines such as GMP, ISO, ACME, and ISPE.

Financials and Funding

Elomatic is a privately owned corporation. In 2023, the company reported a turnover of €123 million, reflecting significant growth from previous years. The company employs approximately 1,300 professionals and serves customers in more than 80 countries.

Technological Platform and Innovation

Elomatic distinguishes itself through several proprietary technologies and innovative methodologies:

• Cadmatic Design Software: Developed in the 1980s, Cadmatic is one of the most advanced 3D design programs for ship and factory design, optimized for various industry branches.

• Elogrid Solution: A patented transverse thruster grid technology designed to reduce vessels' fuel consumption while enhancing thruster performance. Elogrid improves water flow along hull lines and into the tunnel when thrusters are in use, unleashing full thruster capacity more efficiently with minimized noise and vibration.

• Float Foundation: An ecological platform solution for offshore wind energy, contributing to sustainable energy production.

Leadership Team

Elomatic's leadership team comprises experienced professionals:

• Tom Lind: President and CEO, overseeing the company's strategic direction and operations.

• Patrik Rautaheimo: Chairman of the Board, providing governance and strategic oversight.

• Markku Lehtinen: Senior Vice President, Process & Energy, leading initiatives in process and energy sectors.

• Timo Pirinen: Senior Vice President, Machinery & Equipment, focusing on machinery and equipment design and development.

• Rami Hirsimäki: Senior Vice President, Marine, responsible for marine industry projects and innovations.

Leadership Changes

In January 2025, Elomatic expanded its shipowner services by acquiring Ablemans LCS Oy, a company renowned for expertise in cruise vessel refits, dockings, and technical services. This acquisition marked a significant milestone in Elomatic's strategic development, enhancing its offerings for shipowners and providing a full suite of technical services and solutions.

Competitor Profile

Market Insights and Dynamics: Elomatic operates in the engineering and consulting industry, serving sectors such as marine, industrial, and pharmaceutical. The market is characterized by a growing emphasis on sustainable development, energy efficiency, and technological innovation.

Competitor Analysis: Key competitors include:

• Citec: A Finnish engineering company providing multi-discipline engineering and information management services, focusing on the energy and process industries.

• FCG Finnish Consulting Group Oy: Offers consulting services in infrastructure, environment, and community development, with a strong presence in Finland and international markets.

• A-Insinöörit: Specializes in construction management and engineering services, catering to various sectors including industrial and public infrastructure.

These competitors focus on engineering and consulting services across various industries, emphasizing innovation and sustainability.

Strategic Collaborations and Partnerships

Elomatic has engaged in significant collaborations to strengthen its market position and innovation capacity:

• Acquisition of Ablemans LCS Oy: In January 2025, Elomatic acquired Ablemans LCS Oy, enhancing its offerings for shipowners by providing a full suite of technical services and solutions.

• Licensing and Cooperation Agreement with Wärtsilä: In December 2024, Elomatic established a strategic collaboration with Wärtsilä.