Finnish Capital Goods Healthy potentially undervalued

Valmet Oyj

Market Cap: €4.0b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Konecranes

Market Cap: €6.2b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Relais Group Oyj

Market Cap: €276.6m

Operates as a consolidator and acquisition platform for the vehicle aftermarket in Finland, Sweden, Estonia, Norway, and internationally.

Kalmar Oyj

Market Cap: €2.6b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.