Algol donates 65,000 euros to universities

Press Release 8.9.2021

Algol Oy is donating a total of EUR 50,000 to universities in various fields this autumn. The donations will be made to Hanken School of Economics, the University of Helsinki, the University of the Arts Helsinki and Åbo Akademi University. In addition, the company made a donation of EUR 15,000 earlier this year to a globally unique professorship in ownership that is being established at Aalto University.

With these donations, Algol wants to actively promote high-quality Finnish higher education and research, as well as achievements in science and the arts.

“It is important that the business community is involved in supporting culture and the arts and funding excellence. High-quality research and teaching are also vital in terms of our own operating environment and long-term success,” says Algol Group CEO Alexander Bargum.

The impact of the donations being made this autumn will be further increased by the Finnish Government’s matched funding scheme for 2020-2022. According to the scheme, the State will give a sum of money for each donated euro that the universities raise.

More information

Alexander Bargum, CEO, Algol Group, tel. +358 40 732 3232.

Algol in brief

Algol is a Finnish multi-branch company specialising in international trade. We have been operating responsibly with an international network of partners for more than 127 years. Our solutions improve the quality of industrial production and ensure smooth operations. In the healthcare sector Algol’s solutions promote the conditions for healthy living.

The Algol Group had net sales of 151 million euros in 2020. We employ almost 500 professionals in ten countries.