Bluefors Announces Kim Povlsen as CEO to Lead Quantum Tech Innovations
Company - People | May 13, 2025 | DevCo Partners Oy
Bluefors, under the ownership of DevCo Partners Oy, has announced the appointment of Kim Povlsen as its new CEO. Set to officially take charge by October 1, 2025, Povlsen brings with him extensive leadership experience from his previous role as President and CEO at Universal Robots A/S and his tenure at Schneider Electric. Known for pioneering cooling systems for quantum technology, Bluefors will leverage Povlsen’s expertise to maintain and expand its leadership in the field. This strategic handover comes after Jonas Geust stepped down as CEO last year, with interim duties handled by founder Rob Blaauwgeers. Bluefors is recognized for its collaborative approach to product development and remains a preferred partner globally for companies, universities, and research institutes involved in low-temperature applications.
Sectors
- Quantum Technology
- Cryogenics
- Industrial Engineering
Geography
- Finland – Bluefors is based in Helsinki, Finland, which is a hub for technological innovation and research, crucial for the company’s operations.
Industry
- Quantum Technology – Bluefors is involved in developing cooling solutions and cryogenic systems essential for advancements in quantum computing and technology.
- Cryogenics – The company specializes in cryogenic measurement systems and cryocoolers, serving sectors like fundamental physics research and life sciences.
- Industrial Engineering – Bluefors operates at an industrial scale, manufacturing high-tech cooling systems which are vital for multiple advanced technological applications.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bluefors | Target Company | Company | A leading company in the manufacturing of cryogenic systems for quantum technology and other industries. |
| DevCo Partners Oy | Private Equity Firm | Company | The private equity firm that owns Bluefors. |
| Kim Povlsen | Incoming CEO | Person | Newly appointed CEO of Bluefors, previously served as President and CEO of Universal Robots A/S. |
| Jonas Geust | Former CEO | Person | The previous CEO of Bluefors who stepped down due to personal reasons. |
| Kimmo Alkio | Chairperson of the Board | Person | Chairperson of Bluefors' Board, involved in the decision-making of appointing the new CEO. |
| Rob Blaauwgeers | Founder and Interim CEO | Person | Founder of Bluefors and served as Interim CEO after Jonas Geust stepped down. |