Patria (company) Information

Patria Plc (Finnish: Patria Oyj, Swedish: Patria Abp) is a Finnish provider of defence, security and aviation life-cycle support services and technology solutions. Patria is owned 50.1% by the Finnish government and 49.9% by Kongsberg Defense and Aerospace following a deal in 2016. The total value of the company was 283.5 million euros when the transaction closed in the second quarter of 2016.

Aircraft parts for:

As of 5 September 2008, Patria is under investigation by the Finnish National Bureau of Investigation on its vehicle project in Slovenia and howitzer project in Egypt. The companys former CEO Jorma Wiitakorpi resigned on August 18, 2008, when the investigation was still ongoing. He was succeeded by former board member Heikki Allonen. Furthermore, several other employees have been arrested on charges of bribery. The case is ongoing and currently (as of 5 September 2008) the criminal investigation is underway.

Yleisradios investigative program MOT published details of the case, causing a scandal in Slovenia, since the Slovenian Government including then-Prime Minister Janez Janša was allegedly involved.

The decision of the Turku Court of Appeal dated 17 February 2016, in which the Court dismissed all charges related to Patrias export project to Croatia, has gained legal force and is final. None of the parties to the case applied for permission to appeal against the decision of the Court of Appeal in the Supreme Court. Also the demand for a corporate fine to be imposed on Patria Land Services Oy was dismissed.

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