Acquisitions and divestments

Caverion’s strategic objective is to grow also through acquisitions. Our fragmented industry continues to offer plenty of opportunities for acquisitions, and we already have a strong track record in mergers and acquisitions and in integrating companies to Caverion.

When acquiring new businesses, we are always looking for a good strategic fit to our existing operations in terms of geographical coverage, business portfolio and customer sectors. We also look for complementary skills and resources, a matching business culture, true value creation potential, profitability turn-around potential and a strong local market position.

Most significant acquisitions and divestments by Caverion

The acquisition and divestment prices have not been published.

2020

• Divestment of the parts of Industry operations to Elcoline Oy
  
  

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.
  
  

2018

• Acquisition of Jetitek Oy, Finland
• Divestment of piping and tank business and the related Ylivieska workshop, Finland
• Divestment of Czech subsidiary, Caverion Česká republika s.r.o.
  
  

2017

• Asset deal with Enegia covering remote property management in Finland
• Divestment of product business under the Krantz brand, Germany
  
  

2016

• Acquisition of Arneg Kühlmöbel. Austria
• Acquisition of Sähkötaso Esitystekniikka Oy, Finland
  
  

2015

• Acquisition of Esco Norway, Norway

Caverion - since 2013

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

• The documents related to the partial demerger are available here 
• Although our company is new, our business dates back to the late 19th century. Read more about our history