Mergers and acquisitions

Caverion has a strong track record in mergers and acquisitions including a lot of valuable competence in integrating companies. In mergers and acquisitions we are looking for a good strategic fit to our existing operations in terms of geographical coverage, business portfolio and customer sectors.

In each merger and acquisition Caverion follows the same criteria; mergers and acquisitions have to be a good strategic fit for Caverion with complementary skills and resources, and a matching business culture. In addition, value creation potential, profitability turn-around potential and strong local market position are key criteria for Caverion.

The fragmented markets continue to offer plenty of opportunities for acquisitions. Caverion’s strategic objective is to grow also through acquisitions. 

Major building systems and industrial services acquisitions during the history of YIT and Caverion

1912

YIT was established in Helsinki.

1995

YIT is listed in Helsinki stock exchange.

Acquisition of Huber. (est. 1879)

2001

Acquisition of Calor  AB. (est. 1898)

(Purchase price EUR 57 million)

2003

Acquisition of ABB building systems operations. (est. 1988)

(Purchase price EUR 203 million)

2008

Acquisition of MCE AG’s building systems operations. (est. 1989)

(Purchase price EUR 55 million)

2010

Acquisition of caverion GmbH. (est. 2007)

(Purchase price EUR 73 million)

2013

Caverion Corporation established on June 30, 2013. Trading in Caverion shares at Helsinki stock exchange began on July 1, 2013.

2015

Acquisition of Esco Norway
(Purchase price not disclosed)

2016

Acquisition of Arneg Kühlmöbel
(Purchase price not disclosed)