MHG Systems receives investments

February 11, 2010
Feb. 11, 2010, Mikkeli, Finland – MHG Systems Ltd of Finland has received capital investments from Veraventure Oy and a group of investors. The company produces bioenergy enterprise resource planning (ERP) systems designed for electricity, heating, pellets, forest industry, and forest service companies. The service allows transparency throughout the delivery chain, management of biomass moisture content, reporting based on the amount of energy, i.e., megawatt hours, and accounting and invoicing, and can be used via web browser or mobile devices.

"MHG's ERP systems allow cost and environmental savings in hard-to-manage supply chains of biomass-based fuels. Their services allow open and transparent supply chains for pellet, bioelectricity, bioheat, bioethanol, and biodiesel production, with features that are becoming international requirements such as accurate tracking of origin and carbon dioxide. Furthermore, the company's technical solutions and its business model allow it to provide extensive services for global markets and to rapidly extend its partner network. This creates interesting opportunities for investors," says manager Matti Eskelinen from Veraventure Oy.

"The investment made by Veraventure and other investors will speed up the commercialization of MHG's ERP solution in selected and rapidly growing target markets. The solution is already available in 13 languages. In addition to money, the new investors will also bring about new business know-how, which is required especially for achieving rapid international growth," explains Seppo Huurinainen, managing director of MHG Systems.

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