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Publisher and Kone heir Niklas Herlin dies at 53

One of Finland’s richest men, publisher Niklas Herlin, has died. Herlin was a journalist, a principal shareholder of Cargotec and Alma Media, and founder of the book publisher Teos.

Niklas Herlin
Niklas Herlin (1963-2017) Image: Antti Aimo-Koivisto / Lehtikuva

One of Finland’s wealthiest men, publisher Niklas Herlin, died suddenly at the age of 53 on Tuesday. Herlin was one of the principal shareholders of the cargo handling company Cargotec, which was spun off from the elevator company Kone in 2005. His father, Pekka Herlin, was chairman of the board until his death in 2003.

According to Helsingin Sanomat, Niklas Herlin had a personal fortune of more than one billion euros.

Niklas Herlin was also the second-largest owner of the Alma Media group, also serving as a board member. He revived the venerable paper Uusi Suomi as an online publication and was its principal owner from 2007 until 2016, when Alma took it over. After years working as a journalist, he wrote a column for Uusi Suomi until last month.

Herlin was a financial reporter and editor at the business daily Kauppalehti from 1987 until 1996. He also worked for current events magazine Suomen Kuvalehti and evening tabloid Ilta-Sanomat until 2001.

Book venture in 2003

In 2003 he established the book publisher Teos, whose authors include internationally successful figures such as Leena Krohn, Johanna Sinisalo, Monika Fagerholm, and Ulla-Lena Lundberg.

According to the tabloid Ilta-Sanomat, Herlin died of a sudden illness on Tuesday evening in Nice, France, where he had a home.

Herlin, who was divorced, had two adult children.

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