State-owned companies and unincorporated State enterprises

Companies

Hansel Ltd

Hansel Ltd is a central purchasing body for central and local government. Its mission is to improve productivity in public administration and lead the way in efficient and responsible public purchasing. Hansel also carries out development work in public procurement and provides digital procurement services. All central government organisations, municipalities and other public sector operators defined by law can make use of framework agreements without the need for separate competitive tendering. Hansel Ltd is owned jointly by the State (65%) and the Association of Finnish Local and Regional Authorities (35%). These ownership holdings were the result of a share transaction by the parties in 2019.

HAUS Finnish Institute of Public Management Ltd

HAUS Finnish Institute of Public Management Ltd provides training and development services for public management needs and for skills renewal. As a service provider for central government, HAUS’s customers consist not only of the Prime Minister's Office and the other ministries, but also the government agencies and public bodies within the regional and local state administration, and the unincorporated state enterprises and off-budget entities. Other customers include Parliament and the bodies operating subordinate to it, under its supervision or in connection with it. HAUS is 100% state-owned.

Fingrid Oyj

Fingrid Oyj is Finland’s transmission system operator responsible for the transmission of electricity through the national power grid. Fingrid’s business consists of the operation of the country’s main power grid as provided in the Electricity Market Act and the related system responsibility. The strategic interest is in securing, under all circumstances, the effective and disruption-free operation of power transmission and of the electricity supply system. The State holds 53.1% of Fingrid’s shares and 70.9% of the voting rights.

Gasgrid Finland Oy

Gasgrid Finland Oy is a state-owned natural gas transmission network company. The company’s business consists of ownership of the gas transmission network, operation of the transmission network as provided in the Natural Gas Market Act, and the related system responsibility. The strategic interest is in securing, under all circumstances, the effective and disruption-free operation of gas transmission and of the gas supply system.  The State directly holds 23.5% of Gasgrid’s shares, while the remaining 76.5% are held by the wholly state-owned Suomen Kaasuverkko Oy. At the start of 2020, the transmission network functions were reassigned from Gasum Oy to a newly formed Company.

Suomen Kaasuverkko Oy

Suomen Kaasuverkko Oy engages in special ownership arrangements related to the State’s natural gas networks and has a holding of 76.5% in Gasgrid Finland Oy.

Counties’ Service Centre for Facilities and Real Estate Management

The Counties’ Service Centre for Facilities and Real Estate Management, established at the start of 2017, is responsible for the management of real estate needed for the performance of the counties’ duties, for ownership and maintenance of the premises, and for related services. The aim of the Service Centre is to provide expertise for use by all the counties, to standardise practices and to enable cost-effective premises that are functional, safe, secure and not detrimental to health.

Asset Management Company Arsenal Ltd, in liquidation

Asset Management Company Arsenal Ltd was established in 1993 and operates as an asset management company under the Act on the Government Guarantee Fund (379/1992). The Act on the Government Guarantee Fund was repealed by Act 1202/2014, which entered into force on 1 January 2015. Under the transitional provisions of Act 1202/2014, the provisions of the repealed Act nevertheless apply to Arsenal. The company was placed in voluntary liquidation in 2003. Arsenal is wholly owned by the State.

DigiFinland Oy (auxiliary company names SoteDigi and Vimana)         

As a public sector entity, the company supports and develops national digital services for improving the productivity and effectiveness of healthcare and social welfare, rescue services and other sectors, and the adoption of such digital services, as well as use of the nationwide e-services of public authorities. The company also promotes ICT integration and interoperability, knowledge-based management and customer-oriented and cost-effective services in the public sector, along with digitalisation. The State owns the company’s entire share capital. SoteDigi Oy merged with Vimana Oy in 2020.

Tietokarhu Oy, in liquidation

Tietokarhu Oy had the task of ensuring that the Finnish Tax Administration’s data systems allow the timely and error-free administration of the tax system.  Tietokarhu Oy’s special assignment came to an end when the Tax Administration adopted its new data systems at the end of 2020. The company was placed in liquidation on 1 January 2021 and is to be wound up during 2021. The State owns 20% of the shares and 80% of the voting rights. Tietokarhu Oy was established in 1998 as a joint venture of the State and Tieto Oyj.

Unincorporated State enterprises

Senate Group

Senate Group comprises Senate Properties and its subsidiary enterprise Defence Properties Finland. It also includes Counties’ Service Centre for Facilities and Real Estate Management and Senate Station Properties Ltd. 

Senate Properties and Defence Properties Finland are unincorporated state enterprises that work with their customers to develop premises and work environments, and are also responsible for taking good care of the State’s property assets. The combined balanced sheet value of the properties is approximately EUR 4.6 billion. Senate Properties’ annual investments focus particularly on modernisation and refurbishment designed to improve value retention and usability of the building stock, and improvements to the efficiency of premises. Investment by Defence Properties Finland focuses on projects that maintain defence capability. The most important governance decisions concerning the unincorporated state enterprises are taken by Parliament in connection with the annual Budget. Senate Group operates within the Ministry of Finance’s branch of government and is subject to general oversight by the Ministry. The Ministry of Defence oversees Defence Properties Finland’s provision of services to the Finnish Defence Forces and to partners designated by the Defence Forces.