Helsinki, Finland, 2016-01-27 13:00 CET (GLOBE NEWSWIRE) --
CAVERION CORPORATION INVESTOR NEWS 27 JANUARY, 2016 AT 14.00 EET
Caverion acquires YIT Kuntatekniikka's technical maintenance business in Mikkeli, Finland
Caverion has signed an agreement with YIT Kuntatekniikka Oy to acquire the company's technical maintenance business. The transaction supports Caverion's growth strategy and presence in the Mikkeli area in Finland. The purchase price is not disclosed.
In connection with the transaction, YIT Kuntatekniikka's technical maintenance personnel – approximately 60 employees – will transfer into Caverion Suomi Oy's employment on February 1, 2016, while retaining their status as "old employees".
"We are satisfied that this transaction will enable the service business and the personnel to have good opportunities for further development within Caverion," says Kari Piispanen, Managing Director of YIT Kuntatekniikka.
"We aim to offer our diverse range of services in the Mikkeli area and develop these services in accordance with our clients' requirements. Improving the energy efficiency of buildings and offering high-quality technical maintenance services are within the core of our offering. We would like to welcome the personnel who will transfer to Caverion’s team. We offer our personnel good opportunities for development in one of the leading companies in this field in Finland," says Jarno Hacklin, Executive Vice President & CEO, Division Finland.
YIT Kuntatekniikka is jointly owned by the City of Mikkeli and YIT Construction Oy.
Further information:
Kirsi Hemmilä, Communications Manager, Caverion Finland, tel. +358 50 390 0941, kirsi.hemmila@caverion.fi
Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Our services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Our vision is to be a leading European provider of advanced and sustainable life cycle solutions for buildings and industries. Our strengths include technological expertise and comprehensive services, covering all technical disciplines throughout the entire life cycles of properties and industrial plants. Our revenue in 2015 was approximately EUR 2.4 billion. Caverion has over 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com
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