15.1.2024 – Soile Kankaanpää has started as the new CEO of Quuppa. She holds a Master’s degree in Economics and Business Administration and has extensive experience in leadership and board positions in international business (Nokia, Konecranes, Outotec, Uponor, Destia, Betolar). She joins Quuppa from ISS Finland, where she worked as Chief Commercial Officer (CCO).
“I am happy to announce that Soile Kankaanpää is joining Quuppa’s unique team as our new CEO. Soile is a highly experienced international business executive with a proven track record in delivering business success. Quuppa is on the journey to becoming a solutions- and service-oriented company. Soile’s background and experience will help us achieve our goals. “The potential of Quuppa’s business globally is fantastic, and our goal is to be the market leader in Indoor Location Solutions”, comments Quuppa’s chairman of the board Risto Virkkala.
“I want to thank Sammy Loitto for his excellent work as Quuppa’s CEO. We have made a significant transformation towards a product and solutions company and achieved important business breakthroughs in the manufacturing and intralogistics industries. During 2023, we made a very successful recovery from COVID-19, with a 30% growth in revenue and profitable results. Sammy has decided to step down as CEO for health reasons, but will continue to work with us as Senior Business Advisor”, says Virkkala.
“With solutions that bring true business value to customers, Quuppa is well positioned to gain a major share of the growing indoor location market. I am honoured to start as the new Quuppa CEO. I’m happy to share all my expertise in international business, products and services to boost Quuppa’s success. I am impressed by how many leading enterprises have already chosen Quuppa’s solutions. There are many more opportunities for growth, especially in manufacturing, intralogistics, building automation, healthcare and sports”, says Quuppa’s CEO Soile Kankaanpää.
The global indoor location market is expected to grow from USD 5.6 billion in 2023 to USD 16.2 billion in 2028 (1). Quuppa is the market leader in accurate and reliable indoor location services, offering scalable, easy-to-manage solutions for streamlining operations from small to large enterprise environments. Quuppa solutions have been proven especially value-adding in the intralogistics of aviation, automotive and other industry segments.
(1) Real-Time Location Systems Market, Markets and Markets, Report, June 2023