Arvo and Tesi have significantly increased their stakes in GISGRO Oy, a software provider for the port industry, to support its growth and expansion efforts.

Target Company Information

GISGRO Oy is a software service provider catering specifically to the port industry. The company has recently conducted a targeted share issuance to accelerate its growth. Notably, Arvo and the Finnish government-owned venture capital firm Tesi have significantly increased their stakes in this round of financing. Arvo originally invested in GISGRO in 2021, and following this latest investment round, Arvo's ownership in GISGRO Oy is set to surpass 23%, making it the largest single shareholder in the company.

GISGRO has completed extensive software development, which enhances its capability to serve both domestic and international port clients more comprehensively. Among the offerings are the GISGRO Digital Twin and GISGRO Green software modules, in addition to a new suite of software solutions known as PMIS (Port Management Information System), designed to facilitate comprehensive electronic management of port traffic, including cargo handling, invoicing, and regulatory reporting. This new investment round will allow GISGRO to significantly increase its growth, particularly by boosting its sales and marketing efforts, according to CEO Kirsi Hänninen.

Industry Overview in Finland

The port industry in Finland plays a vital role in the country’s economy, facilitating trade and commerce by serving as a key link between the domestic and global markets. With over 30 commercial ports, Finland’s port operations are crucial for the m