Karl Henrik Gustav Skytte

VEO Oy engages in the development of automation, drives and power distribution solutions. It operates through the following segments: Hydropower, Wind Power, Industry, Thermal Power, Marine, Engine and Hybrid Power. The Hydropower segment offers both turnkey deliveries, and modernization projects for hydropower plants. The Wind Power segment focuses on turnkey deliveries of applications connecting wind farms to the grid. The Industry segment serves customers operating in industries such as pulp and paper, marine, mining, minerals and metals, petrochemical, and discrete manufacturing. The Thermal Power segment enhances combined heat and power (CHP) production and promotes environmentally friendly solutions. The Marine segment includes main and distribution switchboards, motor control centres, electric drives applications, generators and marine thrusters, and winches. The Engine and Hybrid Power segment leverages synergies between multiple power sources, from oil and gas engine power plants to solar power systems. The company was founded on December 6, 1989 and is headquartered in Vaasa, Finland.