Green goes vertical
Netled is a fast-growing vertical farming technology company with global ambitions. It is a limited liability company trading stocks on the Privanet Securities exchange in Helsinki, Finland.
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The Annual General Meeting was held on 24th of February
The Annual General Meeting of Netled was held on Wednesday, 24 February 2021 at 14.00 EET. In order to limit the spread of COVID-19, the AGM was held remotely for the first time via a Teams video call at the AGM venue. The remote video call was a success, and there was a good turnout with shareholders representing over 70% of allocated shares present in the call. There was also an important change to the Board of Directors as Matti Horppu stepped aside to start his retirement. Matti is replaced by Jussi Rintanen. The turnover of Netled was 767 thousand euros in the 18-month period which ended on the 30th September 2020 and was 32% more than in the previous 18-month period. The net result was –1 054 thousand euros (-42%) and equity 1 404 thousand euros (+28%). Read more...
A message from the CEO
“Netled is entering a phase of extremely fast growth as our cutting-edge technology penetrates further into the global vertical farming market. In response to this growth, we are rapidly scaling up our business with the single ambition of becoming the leading vertical farming technology provider in the world. Please join us on this exciting ride to the top!”
Niko Kivioja, CEO & founder, Netled Ltd.
Share & shareholders
Netled is a limited liability company trading stocks on the Privanet Securities exchange in Helsinki, Finland. The market value of the company was 11.9 million euros at 18th March 2021. Our largest shareholders were at 18th January 2021:
1 EAKR-Aloitusrahasto Oy 58 436 shares (19,6 %)
2 Kivioja Esa Vilho 48 143 shares (16,2 %)
3 Winclean Oy 27 000 shares (9,1 %)
4 Booster Investment Oy 23 375 shares (7,9 %)
5 Kivioja Niko-Matti 21 032 shares (7,1 %)
6 Saunaranta Invest Oy 19 700 shares (6,6 %)
7 Kivioja Johanna 18 900 shares (6,4 %)
8 Granberg Karl-Olof 6 120 shares (2,1 %)
9 Frontier Liquidity Oy 5 800 shares (1,9 %)
10 Thomasset Oy 5 300 shares (1,8 %)
Total amount of shares: 297 598 shares
Niko is a seasoned professional in the controlled environment agriculture space. In addition to his background as a grower, he has worked for over a decade in high-tech closed environment and vertical farming technology development overseeing multiple large-scale vertical farming projects.
COO, Head of sales
Niko’s background in engineering and sales serves him well as Chief Operating Officer and in his responsibility for Netled's customer relations. Niko spends much of his time closing deals for large vertical farming technology projects.
Johanna is a Netled's Chief Procurement Officer. She looks after our supply chain, and she has, in addition to technology components, detailed knowledge of the vegetable business from the perspective of wholesalers, retailers and farmers.
Toni is a natural choice for Chief Technology Officer with nearly 15 years’ experience in the electrical and electronic manufacturing industry, a strong engineering background and a Degree in Electronics from Tampere University of Applied Sciences.
Sanna has worked for over seven years at Netled with a broad range of responsibilities, most recently as Business Controller. Sanna has a degree in Economics from Tampere University and many years professional experience in the finance departments of international railway concerns.
Head of Horticulture
Part of the Netled team since 2014, Arsi has a solid understanding of commercial farming, as well as combining technology and growing. He has a BA degree in Horticulture from Häme University of Applied Sciences specialising in greenhouse and nursery farming. He is also a qualified electrical technician.
Investor Relations & Communications Manager
A native of the UK, Robert has lived in Finland for over 22 years and has a background in language expertise and digital communications management in multinationals such as Nokia and Microsoft. He has also worked as a language and communications consultant in the Finnish parliament and other governmental institutions in Finland.
Board of Directors
Teuvo Rintamäki, Chair of the Board
Teuvo Rintamäki brings extensive experience to Netled's executive leadership. He has held several international management positions at Finnish industrial blue-chips Kone and Konecranes, where he served for eight years as CFO. In addition, Teuvo has 10 years experience on the boards of startups and growth companies, such as Safedo, Power Prof Partners, and Saunaranta Invest.
Esa Kivioja, Member of the Board, Founding partner
Esa is a serial entrepreneur, whose longest period as an entrepreneur was focused on indoor tomato cultivation: Esa founded the greenhouse company, KKK-Vihannes, which he ran for 25 years and was the market leader in Finland.
Johanna Kivioja, Member of the Board
Johanna is a Netled's head of procurement. She looks after our supply chain, and she has, in addition to technology components, detailed knowledge of the vegetable business from the perspective of wholesalers, retailers and farmers.
Seppo Lamberg, Member of the Board
Seppo has had a long career in purchasing and product development engineering in Nokia. He has broad expertise in the global purchasing of electronic components and technology development.
Ilari Alajoki, Member of the Board
Ilari is a successful serial entrepreneur. He has established several cleaning and personnel rental companies, and is currently a major shareholder in three companies in Pirkanmaa, Finland, with more than 500 employees.
Jussi Rintanen, Member of the Board
Jussi specializes in mergers and acquisitions, and corporate finance. Rintanen has been advising corporates for more than 20 years as an attorney. He also has years of experience on the boards of both small and mid-sized enterprises, especially in the field of energy business.
Investor Relations and Communications Manager
+358 50 484 0003