New company, long history
Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013.
The company is new, but we already have a long history and lots of valuable competence. We have roots in 11 countries across the Northern, Central and Eastern Europe.
Caverion is a truly European company
As part of YIT, Caverion’s roots go back to 1912 when the Swedish company Allmänna Ingeniörsbyrån (AIB) established a branch office in Helsinki. Over the years, YIT developed into Finland’s leading builder of water supply and sewerage systems. In the 1970s, YIT started providing service and maintenance in properties, later followed by maintenance of industrial pipelines. The origins of Caverion’s business in building systems and industrial services lie in this business.
The building systems and industrial services business has grown over the years both organically and through acquisitions. In 2001−2010 the business was strongly expanded to cover totally new geographical areas. Through the acquired companies, the roots of our company go back even further in history.
Key acquisitions in Caverion’s history:
1995: Huber Oy
Acquisition history »
2001: Calor AB
2003: ABB building systems operations
2008: MCE AG building systems operations
2010: Caverion GmbH