1

Caverion

#4537

Rank

$1.28B

MarketCap FI

FI Finland

Country

Summary
Caverion Oyj, together with its subsidiaries, operates as a service company in building systems, construction services, and services for industry in Northern and Central Europe. It designs, builds, operates, and maintains technical solutions for buildings and industries. The company provides a range of services, including technical and industrial maintenance, facility management, smart technologies, and advisory services; property management; delivers building technology and infrastructure projects, such as smart and energy efficient solutions; and industrial engineering and project management, technical and industrial project installations, data visualization, and analytics services. Its services are used in offices and retail properties, housing, public premises, industrial plants and infrastructure, and other places. The company serves the public sector, real estate users, real estate investors and developers, and general contractors, as well as various industries. Caverion Oyj was founded in 1912 and is headquartered in Vantaa, Finland.

History

Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013.

Caverion has a long heritage with roots in many different countries. As part of YIT, the companies roots go back to 1912 in Finland. In some divisions, the roots of later integrated companies go back even to the 19th century.

Key mergers and acquisitions

2013

Caverion Corporation was established through the partial demerger of YIT Corporation on June 30, 2013, when YIT's Building Services and Industrial Services operations were transferred to an independent company. Trading in Caverion Corporation's shares at Helsinki Stock Exchange began July 1, 2013.

2015

Acquisition of Esco Norway, Norway

2016

Acquisition of Arneg Kühlmöbel. Austria

Acquisition of Sähkötaso Esitystekniikka Oy, Finland

2017

Asset deal with Enegia covering remote property management in Finland

Divestment of product business under the Krantz brand, Germany

2018

Acquisition of Jetitek Oy, Finland

Divestment of piping and tank business and the related Ylivieska workshop, Finland

Divestment of Czech subsidiary, Caverion ?eská republika s.r.o.

2019

Acquisition of Maintpartner's operations in Finland, Estonia and Poland

Acquisition of Refrigeration Solutions business of Huurre Group Oy in Finland and Sweden

Acquisition of Pelsu Pelastussuunnitelma Oy, Finland

Divestment of Polish subsidiary, Caverion Polska Sp. Z o.o.

2020

Divestment of the parts of Industry operations to Elcoline Oy

2021

Acquisition of GTS Immobilien GmbH in Austria

Acquisition of Felcon GmBH in Austria

Acquisition of RPH Linc AB in Sweden

Acquisition of Merius Oy in Finland

Acquisition of Bott Kälte- und Klimatechnik in Germany

Divestment of the subsidiary in Russia

2022

Acquisition of WT-Service Oy in Finland

Acquisition of Wind Controller in Finland

Acquisition of Kaldt og Varmt AS in Norway

Acquisition of DI-Teknik A/S in Denmark

Acquisition of Frödéns Ventilation AB in Sweden

Acquisition of CS Electric A/S in Denmark


Mission
Caverion’s mission is to keep properties, businesses and public spaces attractive, productive and safe by providing optimal and energy-efficient solutions.

Vision
Caverion’s vision is to build a sustainable building and living environment for its customers where people live more safely and feel more comfortable.

Key Team

Mr. Manfred Simmet B. Eng (Exec. VP of Caverion Austria & Germany and Member of Management Board)

Mr. Ville Tamminen (Exec. VP of Caverion Finland & Baltics and Member of Management Board)

Mr. Michael Kaiser M.Sc. (Exec. VP of Caverion Projects & Member of Management Board)

Ms. Anne Viitala eMBA, LL.M. (Exec. VP of Legal & Compliance, Group Gen. Counsel and Member of Management Board)

Ms. Minna Schrey-Hyppanen M.Sc. (Econ.), M.Sc. (Eng.) (Exec. VP of HR & Safety and Member of Management Board)

Mr. Carsten Sorensen (Exec. VP of Caverion Denmark & Member of the Group Management Board)

Mr. Kari Sundback M.Sc. (Exec. VP, Services, Solutions, Digital? and Sustainability & Member of Mgmt. Board)


Recognition and Awards
Caverion has been honored with several awards for its work such as the 2019 World's Most Ethical Companies award from the Ethisphere Institute, Energy Efficiency Award from the Swedish Energy Agency, and the Grand Design Award from the Danish Illumination Academy.

References
Caverion
Leadership team

Mr. Jacob Götzsche (Pres, CEO & Member of the Management Board)

Mr. Mikko Kettunen M.Sc. (Econ.) (CFO & Member of Management Board)

Mr. Knut Gaaserud (Exec. VP of Caverion Norway & Member of Management Board)

Products/ Services
Energy, Facilities Support Services
Number of Employees
1,000 - 20,000
Headquarters
Malmö, Skane Lan, Sweden
Established
2013
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
CAV1V.HE
Social Media
About

Businessabc provides a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © Businessabc powered by ztudium