In addition to the parent company, VTT Group consists of four fully-owned subsidiaries:
- VTT Memsfab Ltd
- VTT Ventures Ltd
- VTT International Ltd
- VTT SenseWay Ltd
- VTT Holding Ltd.
In 2019, the Group’s turnover was EUR 147 million and its operating result was EUR 3.1 million. In 2019, the parent company had a total of 1,420 customers. Its domestic revenue accounted for 53% of its turnover and foreign revenue for 47% (at group level, the figures were 52% and 48%, respectively).
At the end of 2019, VTT had 2,103 employees. Finland’s national metrology institute and national standards laboratory MIKES is part of VTT.
Innovation and business activities combine
Through scientific and technological means, VTT turns large global challenges into sustainable growth for businesses and society. All of VTT’s research is guided by the company’s lighthouse themes: climate action, resource sufficiency, good life, safety and security and industrial renewal.
VTT has more than 80 years of experience in cutting-edge research and science-based results. Our research, development and innovation activities are divided into three business areas: knowledge intensive products and services, smart industry and energy systems and bio and process technology.
At the core of our research in 2019 was the circular economy of plastics, which we expect will generate breakthrough innovations in the 2020s.