City Group and Subsidiaries
The City of Hämeenlinna forms a city group together with the companies, foundations and joint municipal authorities it owns.
The city owns more than half and exercises control of the subsidiaries. The ownership is smaller with associated companies, but the city participates in their operations and development.
The city also participates in joint municipal authorities. These are organisations that provide services, for example, in education or other shared tasks, owned jointly by several municipalities.
Ownership Steering
The city exercises Ownership Steering over the entities it owns. Ownership Steering means that the city monitors the operations of companies and other entities and communicates what it expects from them as an owner.
The influence of the city on the operations of the entities include:
- setting financial and operational targets
- appointing representatives to boards
- exercising decision-making powers related to ownership
- issuing group directives that guide the operations of entities
The objective of Ownership Steering is to ensure that the city’s holdings support services for residents and operate financially and responsibly.
Decision-making and responsibilities
Group management including the City Board, Chief Executive and the Director of Financial Affairs is responsible for Ownership Steering. The members of the decision-making bodies of joint municipal authorities are elected by the City Council.
Each company and entity has its own board responsible for its operations, finances and development.
Strategic subsidiaries of the City of Hämeenlinna
Hämeenlinnan Asunnot Oy, 100%
Hämeenlinnan Asunnot Oy rents apartments and properties in the Hämeenlinna economic area. Currently there are approximately 2,300 rental apartments.
Hämeenlinnan Liikuntahallit Oy, 100%
Hämeenlinnan Liikuntahallit Oy manages and administers key sports facilities in Hämeenlinna and is responsible for the city’s sports guidance services and sports for special groups. The company has two subsidiaries, Hämeenlinnan Jäähalli Oy 85.17% and Hämeenlinnan Palloiluhalli Oy 92.34%, and an associated company Jyrätien Liikuntahallit Oy 33.33%.
Hämeenlinnan Pysäköinti Oy, 100%
Hämeenlinnan Pysäköinti Oy is a prominent partner of the city in organising parking, tasked to implement the city’s vision by organising public parking services and owning, constructing and maintaining parking facilities and parking areas. The company owns the parking facilities Kaivoparkki, Keinuparkki and Pööli, and operates parking in parking areas it rents. The company sells parking permit discs as well as resident and business parking permits.
Hämeenlinna Area Student Housing Foundation sr, 50%
The purpose of the foundation is to improve the housing conditions and housing availability of students at all educational institutions operating in the City of Hämeenlinna and its surrounding areas.
The foundation operates to construct and acquire rental apartments and rent them on social grounds, aiming for good and safe living conditions for residents at reasonable costs.
Hämeenlinnan Seudun Vesi Oy (HS-Vesi), 76.6%
Hämeenlinnan Seudun Vesi Oy is a water utility company owned by Hämeenlinna, Hattula and Akaa. The company is responsible for water acquisition and distribution as well as wastewater discharge and treatment in its operating area. The company has a 100% subsidiary, HS-Hulevesipalvelut Oy.
Hämeenlinna Elderly Housing Foundation sr, 62.5%
The purpose of the foundation is to improve the housing conditions and housing availability primarily for elderly people with limited means. The foundation fulfills its purpose by renting apartments it has constructed or transferred to its administration or ownership or otherwise acquired, at the lowest possible rent, to elderly people who have reached at least 60 years of age. The purpose of the foundation is not to generate financial benefits for its participants through its operations.
Linnan Kehitys Oy, 100%
The most important task of Linnan Kehitys Oy is to strengthen Hämeenlinna’s vitality and economic growth. The company is non-profit and does not distribute dividends to its owners.
Linnan Kiinteistökehitys Oy, 91,83 %
The purpose of the company is to manage and own properties, shares in real estate and housing companies,
engage in property development and trade, development and share trading of real estate and housing companies, and rental operations. The company may also provide other services related to property development, ownership and rental of real estate and housing companies.
Verkatehdas Oy, 100%
The task of Verkatehdas Oy is to maintain and develop the Verkatehdas property and services as a centre for cultural and conference activities, the creative sector and learning, and to increase the attractiveness of Hämeenlinna. The core business of the company is to provide long-term rental of premises and event operations. Verkatehdas forms the Verkatehdas Group together with Hämeenlinnan Teatteri Oy.
The group has three business areas:
- Long-term rental
- Short-term event space rental and event organisation
- Theatre operations. Hämeenlinnan Teatteri Oy is a 100% subsidiary of Verkatehdas.
Joint municipal authorities, associated entities and other entities
Joint municipal authorities
- Häme Regional Council, joint municipal authority, 24.07%
- Municipal education an training concortium Tavastia (subsidiary), 63.64%
Associated entities
- Asunto Oy Tuuloksentalo, 46.48%
- Häme University of Applied Sciences Ltd (group), 44.12%
- Hämeenlinnan Erityisasuntosäätiö sr, 42.9%
- Hämeenlinnan Keilakeskus Oy, 20%
- Jukolan Lintukoto Oy, 43.73%
- Kiinteistö Oy Hämeenlinnan Virvelinranta, 40%
- Kiinteistö Oy Lamminraitti, 20%
- Talo-Osakeyhtiö Hämeen Suoja, 20%
Other significant shares and holdings
- Kiertokapula Oy, 17.54%
- Kuntarahoitus Oyj 0.61%
- Tiera Oy 2.16%
- Provincia Oy 3.85%
- Tuomi Logistiikka Oy 0.02%
- Waltti Solutions Oy 3.41%
- Numera Palvelut Oy (formerly Sarastia Oy) 17.52%
- Työvalmennussäätiö Luotsi sr, 16.7%
See information about the city’s entities and holdings in the downloadable image:
Annual review of entities
The annual review compiles information on the finances and operations of entities owned by or under the control of the City of Hämeenlinna. The review includes the entities for which the City Council has set entity-specific guidelines and targets describing owner value.
Further information
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