Helsinki, 2014-12-18 10:00 CET (GLOBE NEWSWIRE) -- Caverion Corporation Investor News December 18, 2014 at 11 a.m.
Caverion assumes responsibility for technical maintenance of Fingrid’s electricity substations in Lapland, Finland
Caverion and Fingrid, company taking care of the nation-wide high-voltage grid in Finland, have signed an agreement on the basic maintenance of substations in Finnish Lapland’s main grid region in 2015–2017. The technical maintenance agreement covers the basic maintenance of substations such as equipment service and substation inspections. Fingrid has divided its main grid into eight regions, of which the Lapland’s region is the northernmost.
The agreement also enables Caverion to secure separate projects in the Lapland main grid area where Fingrid Oyj will make further investments within the next few years.
“The new agreement facilitates development of our operations to better match Fingrid’s needs. During the agreement period we also aim to expand our operations into other Fingrid main grid regions besides Lapland,” says Business Development Director Jukka Luotolinna from Caverion Industria.
”Safety is one of the cornerstones of our operations, and we have also taken into account Caverion’s actions to develop occupational safety. In addition to daily basic work, we consider the agreement to provide us with added value for our development activities,” says Kari Kuusela, Executive Vice President at Fingrid.
Fingrid belongs to Caverion’s Industry client segment.
Additional information:
Caverion Industria Ltd, Sanna-Mari Laitinen, Communications Manager, tel. +358 50 390 4443, sanna-mari.laitinen@caverion.fi
Fingrid Oyj, Timo Heiskanen, Manager, Substation Maintenance, tel. +358 30 395 4610, timo.heiskanen@fingrid.fi
Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings and industries. Our services are used in offices, retail properties, housing, public premises, industrial plants and infrastructure, among other places. We aim to be a leading European provider of advanced and sustainable life cycle solutions. Our strengths include technological competence and comprehensive services, covering all technical disciplines throughout the life cycle of the property and industrial plant. Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013. Our revenue for 2013 amounted to approximately EUR 2.5 billion. Caverion has nearly 18,000 employees in 13 countries in Northern and Central Europe.Caverion’s shares are listed on NASDAQ OMX Helsinki. www.caverion.com.