13-04-2023 09:03

How solid banking relationship supports Picosun’s global ambitions

Picosun ALD was founded in 2004 by Kustaa Poutiainen and Sven Lindfors. They would eventually be joined by Dr. Tuomo Suntola, the inventor of ALD technology. ALD – or atomic layer deposition – enables ultra-thin film coating, making it possible to scale down microelectronic devices.

Kustaa Poutiainen Founder, Picosun ALD.

“Since day one, our vision has been to be the best in the world. Not the biggest in terms of size, but in terms of technology and
innovation,” says Kustaa. The ambition proved successful when the world’s leading semiconductor company Applied Materials
acquired Picosun in 2022, enabling Picosun to take the next step to global success.

“Nordea has been with us from the start. For us, it was crucial to choose a bank that could support our global expansion. The personal relationship formed the core of our banking relationship and made the full range of Nordea’s solutions, expertise and international and domestic networks available to us. This helped us to reach our ambitions,” says Kustaa.
“When we started, the startup market was very immature. Today, entrepreneurship is seen as a catalyst in society, creating innovation and job opportunities. One of our aims is to now support that catalyst by investing in startups,” he concludes.

Nordea’s Startup & Growth unit supports founders in financial matters and other aspects of starting a business. This includes working with over 200 local and global investment funds.

Everything we do begins and ends with our customers

Every day, we work to support our customers’ financial development, always acting within their best interests. Whether they wish to purchase a dream property, grow a start-up or transition to a greener business model, we have the financial strength and expertise to help them succeed.

This is a customer story from our 2022 Annual report. If you want to know more about our different business areas, have a look here

See more in our annual report
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