Google invests EUR40M in Finland
Posted by Janne Saarikko on February 12, 2009
It was announced this morning that Google Inc. (NASDAQ:GOOG) has purchased a major industrial property located in Hamina, Finland. The deal is worth 40 million euros.
Summa mill was previously owned by Finnish StoraEnso, one of world’s leading paper and pulp manufacturers. The entire paper industry has been in dire straits for some years, and the Summa mill was closed down already in January 2008.
According to Google, they are planning to build a server farm in Summa. There is plenty of room for that, since the mill used to have three medium-sized paper machines. The location is beautiful, since the paper mill is located by the water.
What this will mean to Hamina region in SE Finland? Propably some more jobs and lot of international influence. There are lot of former paper industry workers in the region, maybe they can be trained to run server farms?
Hamina is an age old harbour town (the name Hamina stands for port). It’s located not too far away from Helsinki. Hamina is perhaps best known for it’s Hamina Tattoo, international military music festival.