Newsroom

Caverion Corporation's Interim Report for January-March 2019 will be published on Friday, 26 April 2019, at approximately 8:00 a.m. (Finnish Time, EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion has reaffirmed its position as a trusted partner of Elmia AB, one of the leading exhibition companies in the Nordic region. The parties have signed a multi-year framework agreement covering technical maintenance services as well as electricity installations during Elmia's trade shows and events, both indoors and outdoors. The value of the contract is not disclosed.

Caverion and REX-The East SARL have signed a Managed Services agreement for a new building complex “The East” in Frankfurt am Main, Germany. The value of the contract is not disclosed.

The city of Ylivieska has selected the alliance formed by Skanska and Caverion to implement a life cycle project for two schools.  

Borealis Polymers Oy has selected Caverion to continue as its maintenance partner for its Kilpilahti production plants in Porvoo, Finland. The agreement marks the continuation of the previous eight contract years. The value of the contract is not disclosed.

Caverion is to deliver Total Technical Solutions, covering all building systems, for a new building of Technopolis campus in Vilnius, Lithuania. The agreement has been signed with construction company Veikmės Statyba. The value of the agreement is approximately EUR 10 million. 

Caverion has completed the sale of its Polish subsidiary to STRABAG PFS Austria GmbH. The sale was announced on 19 December 2018 and becomes effective today, 28 February 2019.

Caverion has won a contract with the general contractor HENT to deliver all building systems for the renovation of the Norwegian School of Economics in Bergen, Norway. The value of the contract is EUR 9 million. The developer for the project is Statsbygg, Norwegian government agency.

Caverion Corporation's Financial Statement Release for 2018 will be published on Tuesday, 5 February 2019, at approximately 8:00 a.m. (Finnish Time, EET). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion has completed the sale of its piping and tank business and the related Ylivieska workshop to Recion Oy, a company controlled by a fund managed by Mimir Invest. The sale was announced on 23 November, 2018 and becomes effective on 31 December, 2018.

Caverion has signed an agreement to sell the entire share capital of its subsidiary in Czech Republic. The buyer is KART, spol. s r.o., part of conglomerate CEZ Group. Caverion announced earlier this week that it is selling its operations also in Poland.

Caverion has signed an agreement to sell the entire share capital of its Polish subsidiary to STRABAG PFS Austria GmbH, part of the publicly listed construction and technology group STRABAG SE.

Caverion and real estate developers Centrum Projektentwicklung GmbH in Düsseldorf and B + L Hamburg have signed a project agreement for the new office and retail building “KÖ-Bogen II” in Düsseldorf, Germany. Caverion will act as the technical general contractor and implement Air Conditioning, Cooling, and Heating & Sanitation. Caverion will also be responsible for the project execution plan. The value of the contract is approximately EUR 12 million.

Technopolis has selected Caverion as its partner responsible for property maintenance services for its campuses in Finland, Sweden and Norway. The service agreement covering campuses in Helsinki, Espoo, Vantaa, Gothenburg and Oslo starts at the beginning of 2019. The value of the contract is not disclosed.

Caverion and Nordea Ejendomme have signed a Managed Services agreement for a new office building in Næstved, Denmark. The building will be built as a PPP (Public Private Partnership) and used by the Danish Immigration Service. The contract is worth over EUR 14 million and it is included in Caverion’s Q4/2018 order backlog. 

Caverion will implement electrification for the new Turku T3 University Hospital. The agreement, worth around EUR 15.6 million, was signed with the Hospital District of Southwest Finland. Caverion announced earlier in September that it will implement also heating, sanitation, ventilation and air conditioning systems for the hospital.

Caverion has signed an agreement to sell the project piping and tank business and the related Ylivieska workshop of the Industrial Solutions division to Mimir Invest. The buyer is a Swedish private equity investor.

Caverion Suomi Oy has signed an agreement to acquire the entire share capital of Jetitek Oy from the management of the company. Jetitek is a Finnish service company specialised in energy-efficient cooling solutions that offers total deliveries of refrigeration systems and their design and dimensioning as well as maintenance, repair, and alterations. 

Caverion and Locum AB have signed a new significant Managed Services agreement covering Karolinska University Hospital in Huddinge, southern Stockholm County. The contract starts in the second half of 2019 and runs for 5 years, with an option for an additional 3 years. The value of the contract is approximately EUR 5 million annually.

Caverion Corporation's Interim Report for January−September 2018 will be published on Thursday, 25 October 2018 at approximately 8.00 a.m. Finnish time (EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion is to deliver a building technology project for the T3 hospital, which will be an extension to the Turku University Hospital. The agreement has been signed with the Hospital District of Southwest Finland. The value of the contract is EUR 14.7 million.

Caverion has won a contract with the general contractor Veidekke to deliver building systems for two new environmentally friendly office buildings in Oslo, Norway. Caverion’s installations will include Heating & Sanitation, Cooling, and Sprinklers. The value of the contract is not disclosed.

Caverion has signed an agreement with the VALTARI alliance on supplying technical systems for tunnels on Main Road 12, Lahti Southern Ring Road, consisting of the part closest to Lahti. The VALTARI alliance is formed by the Finnish Transport Agency, the City of Lahti, the municipality of Hollola, Skanska Infra Oy, and Pöyry Finland Oy. The value of the agreement is not disclosed.

Caverion Corporation's Half-year Financial Report for January−June 2018 will be published on Wednesday, 25 July 2018 at approximately 8.00 a.m. Finnish time (EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion has signed an agreement with HENT Danmark A/S on the delivery of building systems for a new hotel in the old Central Post building in Copenhagen, Denmark. Caverion will be responsible for the disciplines of Heating & Sanitation and Sprinkler systems. The value of the agreement is not disclosed.

Caverion has signed an agreement on managing and implementing a building systems project for two demanding renovation sites in the Vallila district of Helsinki with Consti Korjausurakointi, which is the project management contractor in this undertaking. The value of the agreement is approximately EUR 16 million.

Caverion has signed Energy Performance Contracting (EPC) agreement with Nordanstig Municipality and Nordanstig Bostäder AB in Sweden. The focus of the project is to significantly increase energy efficiency and improve indoor climate through modernisation of the heating and sanitation, ventilation & air conditioning, cooling, electricity and automation systems. The agreement covers 108,000 m2of publicly owned buildings.

Caverion has signed a contract with general contractor STRABAG for an ecologically innovative multi-use building complex "The Brick" at Wienerberg in Vienna, Austria. The value of the contract is approximately EUR 8.8 million.

Caverion has won an agreement with Statsbygg in a partnership project to deliver advisory services, design and engineering, and project execution for a new Faculty of Health and Social Sciences at the Norwegian University of Science and Technology in Trondheim, Norway. The contract is signed with the general contractor Backe Trondheim, with a value of approximately EUR 12 million.

Caverion has signed a Managed Services contract with the Technical University (TU) of Ilmenau in Germany. The scope of the contract includes the disciplines of heating, cooling, air conditioning and sanitation in nine university buildings, including two technology centres with clean rooms. In addition, Caverion is responsible for the operation of elevators and doors as well as the fire alarm system. The value of the contract is not disclosed.

Caverion Corporation's Interim Report for January-March 2018 will be published on Tuesday, 24 April 2018, at approximately 8:00 a.m. (Finnish Time, EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion and Turun seudun puhdistamo Oy have signed an agreement on comprehensive technical maintenance and implementation of investment-based projects in Kakolanmäki wastewater treatment plant.

Caverion has signed a contract with the general contractor Ed. Züblin AG to deliver the air conditioning and ventilation systems for a new office building in the city centre of Berlin. The order value amounts to EUR 6.9 million.

Caverion continues as Patria’s partner in technical maintenance of buildings and properties and managed services.

Caverion is delivering technical installation to the leading packaging material and solution company Billerud Korsnäs, which is constructing a new board machine at the facility in Gruvön, Sweden. Caverion is responsible for the technical installation of heating and sanitation, automation and process piping. The value of the contract is approximately EUR 10 million.

Caverion and Teollisuuden Voima (TVO) have signed an extension agreement on maintenance cooperation that covers maintenance services for Olkiluoto 1 and 2 nuclear power plant units in Eurajoki, Finland. The value of the agreement is not disclosed.

Caverion has signed a contract with the general contractor BAM Germany to deliver the ventilation systems for a new building of the Heinrich Heine University in Dusseldorf, Germany. The value of the contract is approximately EUR 7 million.

Caverion has entered into a contract with Austrian Insurance Fund for Civil or Public Servants (BVA) to renovate its headquarters in Vienna, Austria.

Caverion has signed an agreement with the Municipality of Oslo, Norway to deliver technical solutions of Heating & Sanitation, and Ventilation for the expansion of a wastewater treatment plant in Oslo. The value of the contract is approximately EUR 11.5 million.

Caverion has signed a contract with the general contractor Ed. Züblin AG to deliver technical solutions for a new factory complex of Leoni near the city of Nuremberg. Leoni is a leading European supplier of cables and cable systems for the automotive industry and other industries. The project includes the disciplines of Heating & Sanitation, Cooling, and Ventilation. The value of the contract is approximately EUR 12 million.

Caverion Corporation's Financial Statement Release for 2017 will be published on Wednesday, 7 February 2018, at 8:00 a.m. (Finnish Time, EET). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion and AstraZeneca, a global innovation-driven biopharmaceutical company, sign a Services agreement covering AstraZeneca’s research facility in Gothenburg and production facility in Södertälje, Sweden. The scope of the agreement includes disciplines Automation, Security & Safety, Heating & Sanitation, Cooling and Electricity. The value of the contract is not disclosed.

Caverion has completed the sale of its product business under the Krantz brand in Germany to STEAG Energy Services GmbH announced on November 27, 2017. The sale will become effective on December 31, 2017.

Caverion and OKQ8 Scandinavia have signed an agreement on Technical Maintenance of all technical systems in 202 manned and 160 unmanned gas stations and 90 other properties. The value of the contract is not disclosed.

Caverion has signed an agreement to sell its product business under the Krantz brand in Germany to STEAG Energy Services GmbH, a German company providing integrated solutions in the fields of electricity and heat production and engineering services.

Caverion has signed a contract with ASFINAG (Autobahnen- und Schnellstraßen-Finanzierungs-Aktiengesellschaft) for the project execution of renovation of the safety equipment of Perjentunnel in Tyrol, Austria. The contract covers the following technical systems: the renewal of the medium voltage system, tunnel ventilation, tunnel radio, electrical and control systems. The value of the contract is EUR 13 million.

Caverion Corporation's interim report for January−September 2017 will be published on Friday, October 27, 2017 at approximately 9.00 a.m. Finnish time (EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion renewed its Managed Services contract for Deggendorf Institute of Technology in Germany. A four-year contract was signed with the client, which belongs to Caverion’s public client segment. The value of the contract is not disclosed.

Caverion is delivering technical systems and a telematic system for managing traffic in the new Teollisuuskatu tunnel in Central Pasila in Helsinki, Finland. The delivery is valued at approximately EUR 5.4 million and the client is the City of Helsinki. 

Caverion has signed a Managed Life Cycle project contract with general contractor A. Enggaard for a new office building in Aarhus, Denmark. The value of the project for Caverion is EUR 31 million, making it one of the largest public-private partnership (PPP) agreements for Caverion.

Caverion invites analysts, institutional investors and media to its Capital Markets Day in Helsinki, Finland. The event will take place on Tuesday, November 7, 2017 at 9.00 a.m.−3.30 p.m. local time (EET) at Hotel Clarion in Helsinki (Tyynenmerenkatu 2, 00220 Helsinki). The participants are also invited to a welcome dinner with the management at the same place the evening before. 

Michael Højgaard (born 1961) has been appointed as the Managing Director of Caverion Denmark as of September 1, 2017. Since January 2016, Caverion Denmark and Caverion Norway have been operating as one division headed by Knut Gaaserud, Executive Vice President & CEO, Division Denmark-Norway. Højgaard will report to Knut Gaaserud.

Caverion delivers building systems for a shopping center in Bottrop, Germany. Caverion’s technical installation work will cover the disciplines of Ventilation & Air Conditioning, Heating & Sanitation, Cooling, and Security & Safety. After a comprehensive renovation, the building complex will also accommodate a hotel. The value of the contract is approximately EUR 4.8 million.

Caverion renewed its Managed Services contract for Munich Uptown building, a skyscraper and an office complex in Munich, Germany. A five-year contract was signed with the building owners (Europyramid S.á.r.l., Euro Sphinx S.á.r.l., AFIAA Campus GmbH, LaSalle Investment Management, Campus E S.á.r.l) with an optional extension to eight years. The value of the contract is not disclosed.

Caverion Corporation's half yearly report for January−June 2017 will be published on Thursday, July 20, 2017 at approximately 9.00 a.m. Finnish time (EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Oulu Facilities Centre, a public utility, has selected Caverion as its partner to improve energy efficiency in buildings. Over the 3.5-year agreement period, building systems will be modernised in the City of Oulu’s facilities through ESCO projects. The measures will be funded with the savings generated by the modernisations. The total value of the contract to Caverion will be approximately EUR 4 million by 2020.

Caverion delivers Total Technical Solutions covering all building systems for the renovation of the telecommunications company Deutsche Telekom’s office in Berlin. The customer in the project is the facility management company Strabag Property and Facility Services. The value of the contract is approximately EUR 12 million.

Caverion implements building systems for the rehabilitation of an office building known as “the big workshop” occupied by the Finnish Broadcasting Company (YLE) in the Pasila district in Helsinki. The client in the project is the main contractor FIRA Oy, and the value of the contract is EUR 11.7 million. The developer is YLE Pension Fund.

Caverion has signed an agreement with the general contractor LAB to deliver a Large Project with Total Technical Solutions for the expansion of a shopping mall in Bergen, western Norway. The contract has a volume of approximately EUR 11.2 million. 

Caverion has been awarded with a four-year Managed Services contract with the German Aerospace Center for its location in Stuttgart. From July 2017 onwards, Caverion will be responsible for Managed Services, including Technical Maintenance in the facilities. The order has a value of around EUR 2.3 million.

Caverion and the Finnish Transport Agency have made an agreement on the modernisation of the telematic system for managing traffic on the E18 motorway between Turku and Muurla. The agreement also includes a major renovation of the Isokylä tunnel in Salo. Caverion is the main contractor of the project, and the value of the agreement is EUR 5.5 million.

Caverion and Jatke Länsi-Suomi Oy have made a contract for the design and delivery of Total Technical Solutions for the Kulkurin Valssi sheltered housing facility in Turku. The former retail property will be renovated and converted into a care unit under the turnkey contract.

Caverion is launching further actions to address the remaining utilisation and performance challenges in Sweden. These actions include reductions in workforce, combining of existing units, better usage of shared resources and integration of its Swedish industrial and building systems operations.

Caverion delivers cooling and ventilation to Deutsche Bundesbank in Germany

Caverion awarded with new project contract for Aabenraa Hospital in Denmark

Caverion Corporation's Interim Report for January−March 2017 will be published on Friday, April 28, 2017 at approximately 9:00 a.m. Finnish time (EEST). The stock exchange release and presentation materials in Finnish and in English will be published at that time on the company's website at www.caverion.com/investors.

Caverion to deliver life cycle projects for schools and day-care centres in Espoo, Finland together with YIT

Caverion has signed a EUR 5 million Large Project contract with Gemeinschaftskraftwerk Inn GmbH (GKI) – a consortium of the public sector clients Verbund Tiroler Wasserkraft AG (TIWAG), Engadiner Kraftwerke AG (EKW) and VERBUND AG – for the implementation planning and technical installation of Electricity and Ventilation systems, including the associated automation technology, for a new hydropower station.

Caverion has signed a contract with ELBLANDKLINIKEN Stiftung & Co. KG on the delivery of a Large Project for the expansion and renovation of a clinic building in Riesa, Germany. The contract has a volume of approximately EUR 5 million. The delivery includes the technical disciplines of Heating, Sanitation and Cooling. After completion of the technical installations, Caverion and ELBLANDKLINIKEN enter into a five year agreement concerning Technical Maintenance.

Caverion and the construction company Bilfinger Hochbau have agreed on the project execution of Total Technical Solutions covering all building systems. The end-customer is Novaled, organic semiconductor manufacturer in Dresden, Germany. The contract includes the renovation of a historical office building and a new laboratory building and has a volume of approximately EUR 5 million. The work started in January and will be completed in March 2018.

Caverion has signed a Large Project contract with the Kainuu social and health care local government regional authority for the creation of building systems and internal data networks for the new hospital in Kainuu. 

Ari Lehtoranta started as the President and CEO of Caverion Corporation yesterday 1 January 2017. Lehtoranta has been a member of the Board of Caverion Corporation since 2013, and he served as the Chairman of the Board from 2015 until November 2016.

The National Museum for art, architecture and design will emerge as an iconic building, and give Norway a strong international position in the visual arts. With its 54,600 square meters, Norway’s new National Museum will be the biggest museum in the Nordics. The museum will be an important and vital meeting place for the public to enjoy art.

Caverion has signed an agreement with Immofinanz for the Project Execution of all technical disciplines for the Float office building in Düsseldorf, Germany. The contract is worth about EUR 25 million. In addition, Caverion will be responsible for the Project Execution of all technical disciplines in the future tenant areas.

Caverion and Oy Lunawood Ltd enter into an agreement concerning Technical Maintenance and Managed Services of Lunawood’s production plant located in Iisalmi, Finland. The five-year contract takes effect at the beginning of January 2017. The value of the agreement will not be disclosed.  

Caverion has signed an agreement with the National Gallery of Denmark in Copenhagen on the delivery of a Large Project for replacement of installations. The contract has a volume of approximately EUR 5.4 million.

Caverion has secured a new Managed Services agreement with the Swedish city of Malmö. Caverion will be responsible for Managed Operations including Technical Maintenance for 47 schools in the city.

Caverion has concluded an partnership agreement with Metsä Fibre concerning sawmills in Vilppula, Finland. Caverion will be responsible for maintenance and related managed services on the site until further notice from December 2016. The value of the agreement will not be disclosed.

Caverion and property companies owned by Keva have signed an agreement on energy management services. The service will cover a total of 110 property companies in Finland, comprising a total floor area of more than 1.2 million square meters.

Caverion has signed a contract with Strabag Infrastructure & Safety Solutions to design and install the operational and safety-related equipment for the tunnel chain Klaus on the motorway A9 Pyhrn in Upper Austria. The contract covers the technical disciplines of Electricity, Information and Communication Services, Security and Safety as well as Ventilation and Air Conditioning. The value of the contract is approximately EUR 4.8 million and it includes Design & Engineering, Project Management and Project Execution.

Caverion has signed an agreement with global healthcare company, Novo Nordisk A/S on the delivery of a Large Project for a new pharmaceutical filling factory in Hillerød, Denmark. Caverion is responsible for Project Execution within the discipline of Ventilation. The contract has a volume of approximately EUR 5.4 million.

Caverion has signed a Managed Services contract with the insurance company HUK Coburg in Germany. Caverion will take care of the Managed Operations and Technical Maintenance, including the availability of nearly all building systems  at HUK Coburg’s logistics and data centre in Coburg. The value of the 5-year contract is not disclosed.

Caverion and Kemijoki Oy have signed an extended contract on outsourcing the technical maintenance and operations of hydropower plants at the Kemijoki watercourse area. The value of the contract is not disclosed.

Caverion provides Total Technical Solutions covering all building systems for the use of two private hospital properties operated by Pohjola Health in Kuopio and Oulu in Finland. The contracts have a combined value of almost EUR 10 million.

Caverion has prolonged its Managed Services contract with the Technical University Munich (TUM) in Germany. The agreement is a continuation to an existing co-operation at the campus Garching since the 1990’s. The value of the contract is not disclosed.

Caverion has signed a contract with YIT for installation of building solutions to YIT’s upscale residential complex ”Smolny prospect” in the historic center of St. Petersburg, Russia. Caverion is responsible for the Project Management and Project Execution. The technical disciplines included in the contract are Heating and Sanitation, Ventilation & Air Conditioning, Security and Safety. The value of the contract will not be disclosed.

Caverion has signed a new Managed Services agreement with SL, Stockholm Public Transport. Caverion will be responsible for Managed Operations including Technical Maintenance for all of Stockholm’s 100 subway stations and for six train-depots. The value of the up to 9-year agreement, starting on February 1, 2017, is around EUR 35 million for the fixed part of the contract. Furthermore, Caverion will deliver add-on services to the fixed contract.

Caverion has secured  a new Managed Services agreement with the Swedish municipality of Sollentuna in Stockholm County. Caverion will be responsible for Managed Operations,  including Technical  Maintenance of around 70 public buildings in Sollentuna, including schools, day care centres, sports centres and also a number of listed buildings such as Edberg’s castle.

Caverion has signed an agreement with The New University Hospital in Aarhus (DNU), Denmark on the delivery of building systems for the Danish Center for particle therapy (DCPT). The agreement includes Project Execution for the disciplines of Electricity, Heating & Sanitation and sprinklers (Security and Safety). The contract has a volume of approximately EUR 5.5 million.

Caverion is strengthening its AV solutions expertise through the acquisition of Sähkötaso Esitystekniikka Oy. The transaction supports the Group’s strategy and complements Caverion’s offering in the area of Information and Communication Services.

Caverion has made a new Managed Services partnership agreement with the Swedish public property owner Locum. Caverion will be responsible for Managed Operations, including Technical Maintenance for seventeen hospitals and health care centers in Stockholm with a total floor area of 260,000 m2. The estimated value of the 5-year agreement is over EUR 10 million and it includes an option for additional three years. The agreement expands the current partnership between Locum and Caverion.

Caverion has signed a contract with the general contractor Skanska AS to deliver Total Technical Solutions covering all building systems for a new office building in the Norwegian Maritime Competence Center in Ålesund, Norway. The delivery includes the disciplines of Heating and Sanitation, Ventilation and Air Conditioning, Electricity, Cooling, Automation, Information and Communication Services, and Security. In addition to Project Execution, Caverion is responsible for the Advisory Services, Design & Engineering  and Project Management. The value of the contract is approximately EUR 5.3 million.

Caverion, SKB, Swedish Nuclear Fuel and Waste Management Company, and Vattenfall, one of Europe's largest generators of electricity, extend the framework agreement for the Ringhals and Forsmark nuclear power plants. The agreement for the years 2016-2018 covers the service areas of Design & Engineering,  Project Execution, Technical Maintenance and Managed Services. The value of the contract is not disclosed.

Caverion delivers Total Technical Solutions for the first phase of the extension of Rantatie Business Park constructed by YIT in Kalasatama, Helsinki, Finland. The value of the agreement is not disclosed. The building is being developed by Lindström Invest Oy.

Caverion has made a contract with Metsä Fibre Oy, part of Metsä Group, on pipe deliveries for the pulp mill and evaporation plant at the bioproduct mill under construction in Äänekoski, Finland. This is the third order placed with Caverion for the same site. The combined value of the pipe delivery publicised now,  the pulp tower agreement announced in June 2015, and the recent agreement on pipe deliveries for the high-pressure and turbine area is approximately EUR 45 million.   

The Syvälahti community complex in Hirvensalo, Turku, Finland will be executed as an alliance project by Visible, an alliance between Caverion and NCC. The companies have signed contract agreements on the execution of the project with Kiinteistö Oy Turun Syvälahden koulu, owned by the City of Turku. For Caverion, the value of the contract is approximately EUR 5 million. 

Caverion has signed a new Large Project and Technical Maintenance agreement with one of the world’s leading passenger and logistics companies Deutsche Bahn AG. Caverion will provide building systems and Technical Maintenance for a new maintenance center for trains in Cologne, Germany. The order has a volume of approximately EUR 19 million.

Caverion has made a partnership agreement with Pankakoski Mill Ltd, which is owned by Pankaboard. Caverion will be responsible for Technical Maintenance of the cartonboard factory located in Lieksa, Finland, as well as related Managed Services, under a long-term contract that will take effect at the start of April. The value of the agreement will not be disclosed.

Caverion has signed an agreement with the City of Hämeenlinna on the implementation of the Nummi service centre as a life cycle project. The project will be carried out in cooperation with YIT. The value of the contract for Caverion is approximately EUR 16 million and it covers the delivery of total technical solutions as well as Technical Maintenance and Managed Services for the 20-year contract period. The agreement further includes an option for an additional five years. YIT is responsible for the construction of the service centre.

In line with the shifting focus within Caverion from development to implementation and growth, the following changes in Caverion’s Group Management Board will take place as of March 1, 2016.

Caverion has signed a contract with Hochtief Building GmbH to provide building systems worth over EUR 21 million for a new laboratory and administration building, Berlin-Brandenburg State Laboratory (LLBB) in Berlin. Caverion is responsible for design & engineering of the building systems and project execution.  

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.

Caverion has signed an agreement with Mr Alfred Lotter on the purchase of the business of Arneg Kühlmöbel u. Ladeneinrichtungen, Produktions- u. Handelsgesellschaft mbH (“Arneg Kühlmöbel”). The transaction was approved by the Austrian Federal Competition Authority on January 19, 2016. The acquisition supports Caverion’s growth strategy and expands on its position within the cooling technology market in Austria. The purchase price is not disclosed.

Caverion and Orion have signed an agreement on the technical maintenance of and managed services for Orion’s properties in Espoo, Turku, Salo and Kuopio. The total floor area of the properties covered by the four-year agreement is approximately 195,000 square metres. The value of the agreement is not disclosed.

Caverion has started a large project on delivering building systems for the former GSW high-rises in Berlin, Germany. Caverion, together with UNDKRAUSS Baugesellschaft mbH Berlin, is acting as a technical general contractor responsible for the project execution. The value of the project is not disclosed.

Caverion has made a partnership agreement with Metsä Wood for sawmills in Lappeenranta and Renko. Caverion will be responsible for technical maintenance and related managed services on the sites until further notice as of February 2016. The value of the agreement will not be disclosed.

Caverion has started a project worth approximately EUR 20 million for Deutsche Telekom on designing and delivering building systems for the company’s headquarters in Bonn, Germany. Caverion renews the headquarters’ building systems in conjunction with the revitalisation of the building area. Caverion’s delivery covers the disciplines heating and sanitation, ventilation and air-conditioning, cooling, electricity and automation solutions. Caverion is responsible for the design and execution of the project.

Caverion has agreed to perform Managed Services for Söderhamn municipality and the municipality’s housing company Faxeholmen AB in Sweden. The Energy Performance Contracting (EPC) contract is worth EUR 29 million and it is the largest single EPC project implemented by Caverion in the Nordic countries. For the client, EPC service guarantees energy savings by optimising the buildings and their performance over time.

Caverion has made an agreement with Töölönkadun Pysäköintilaitos Oy for the total delivery of building systems for the Töölö car park. The value of the delivery is approximately EUR 4.6 million. The car park is a joint project of Taitokaari Oy and Vantum Oy. Caverion is responsible for designing and implementing the car park's building systems, as well as for managing the project. The building systems encompass heating, sanitation, ventilation, air conditioning, electricity, automation and sprinkler systems.

Caverion has made an agreement with Linde Engineering concerning mechanical installations and pipe, equipment and steel installations for a new hydrogen plant in the Kilpilahti industrial area of Porvoo, Finland. The installations began in August 2015 and will be complete in May 2016. The value of this agreement will not be disclosed.

Caverion has signed an agreement with Skanska on the total delivery of building systems for the old Tampella linen factory in Tampere. The building is to be renovated into hospital and office premises. The value of the building systems delivery exceeds EUR 7 million. In addition, Caverion will deliver the cleanroom facilities for three operating theatres in the hospital. The agreement on the delivery of the cleanroom facilities was signed with KOY Koskitammi, a company owned by the insurance and pension entities in the OP Group. The value of this agreement will not be disclosed.

Caverion has made a large project agreement with Skanska for the total delivery of building systems to the Turku City Theatre. The theatre's building systems will be completely renewed in conjunction with a project to renovate the entire building and construct an extension. The value of the agreement is approximately EUR 6.7 million.

Caverion has signed a large project contract with project developer Wöhr+Bauer for the delivery of building solutions to a high-end office complex in Munich, Germany. The office complex will rise to the grounds of the former Munich Riem airport and incorporate the airport’s old 35-metre control tower. Caverion is responsible for project execution. The technical disciplines covered by the contract are: heating, cooling, air conditioning, sanitation and sprinkler systems. The value of the contract will not be disclosed.

Caverion has signed a large project contract with CCH Immobilien GmbH & Co. KG on the delivery of total technical solutions for the renovation of Congress Center Hamburg in Germany. The contract is worth over EUR 43 million, making it one of the largest projects after the establishment of Caverion. Caverion is responsible for the design & engineering and project execution.

Caverion has signed a contract with Jernbaneverket for delivering electricity solutions for Farriseidet-Porsgrunn railway project in Southern Norway. The value of the contract is approximately EUR 35 million. Caverion is responsible for project management and project execution.

Caverion has signed a contract with Mitnija, the largest construction company in Lithuania, for design and installation of building solutions for two newly constructed buildings at the Technopolis Ozas office campus in Vilnius, Lithuania. The value of the contract is approximately EUR 7 million. Caverion is responsible for the design & engineering as well as project management and project execution. The developer of the project is international office real estate owner, operator and development company Technopolis Plc.

Caverion and Turun Seudun Energiantuotanto Oy have signed an agreement on a high-pressure piping delivery to a new NA4 CHP multi-fuel power plant in Naantali, Finland. The process piping delivery includes piping design, materials, prefabrication and industrial installation. The value of the agreement is approximately EUR 8 million.

Caverion has signed a contract with Valmet AB on the installation of mechanical process piping and equipment at Södra Cell AB’s pulp mill at Värö, Sweden. The contract covers multiple deliveries. Installation work started in spring 2015 and will be completed by spring 2016. The value of the contract will not be disclosed.

Caverion has signed a contract with property management company EKZ Grundstücksverwaltung GmbH on delivering building solutions to a new building complex in Stuttgart, Germany. The value of the contract is approximately EUR 14.2 million and it covers the technical disciplines of heating and sanitation, ventilation and air conditioning, security and safety, cooling and automation. Caverion is responsible for project execution.

Caverion has signed a contract with ÖAMTC, one of the leading Austrian Touring Clubs, for delivering building solutions to their new headquarters in Vienna, Austria. The value of the contract is approximately EUR 7.0 million and it covers design & engineering, project management and project execution.

Caverion has signed an agreement with the general contractor YIT for a total delivery of building systems for the “Elä ja asu” senior centre in Leppävaara, Espoo. The project has been commissioned by the City of Espoo. The contract covers heating and sanitation, ventilation and air conditioning, cooling, electricity and security and safety systems.

Caverion has signed a contract with general contractor Hessisches Baumanagement on delivering ventilation and air conditioning solutions to three new buildings at the University Hospital Frankfurt. The value of the contract is EUR 10.6 million and it covers project execution. Work on the site has already begun and is scheduled to be completed in July 2017.

Caverion has signed a contract with the Land of Upper Austria for delivering tunnel technology for the tunnel Lambach on the road B1. The value of the contract is approximately EUR 4.7 million and it covers design & engineering, project management and project execution.

Caverion has signed a contract with general contractor Fira Oy on the total technical solutions of building systems to the renovation of the Elisa Head Office in Helsinki.  The contract covers heating and sanitation, ventilation and air conditioning, cooling, electricity and security and safety systems. Caverion is in charge of advisory services and design & engineering as well as project management and project execution. The value of the contract is approximately EUR 5.7 million.

Caverion and Metsä Fibre have signed a contract on the delivery of fibre line pulp towers for a new bioproduct plant under construction in Äänekoski, Finland. The contract covers project management, design, materials purchase, prefabrication and installation. The value of the contract will not be disclosed.

Caverion has signed a contract with the Norwegian municipality of Moss for the delivery of Managed Life Cycle services. The delivery is carried out in the form of Energy Performance Contracting (EPC), in which Caverion analyses the municipality’s property stock and implements measures to reduce its energy consumption and environmental impact. The value of the agreement will not be disclosed.

Caverion has signed a contract worth approximately EUR 14.3 million with property management company TAS Kommanditgesellschaft (TAS KG) on delivering building solutions to a new Deutsche Telekom office complex in Hamburg, Germany. The contract covers the technical disciplines of heating and sanitation, cooling and electricity. Caverion is responsible for project execution.

Caverion has signed a contract with general contractor NCC on delivering ventilation & air conditioning and electricity solutions as well as information and communications services to Uppsala University’s new office building, Segerstedthuset. The value of the contract is approximately EUR 5.4 million and it covers project management and project execution.

Caverion has signed a contract with general contractor YIT on the design and project execution of total technical solutions for the second phase of the office and commercial centre Dixi in Tikkurila, Vantaa. The contract covers the technical disciplines of heating and sanitation, ventilation and air conditioning, cooling, electricity, security and safety, and automation. The value of the contract is approximately EUR 7.6 million.

Caverion has signed a contract with Frankfurt School of Finance and Management on designing and building total technical solutions to the school’s new campus in Frankfurt am Main, Germany. The contract includes heating and sanitation, ventilation and air-conditioning, cooling, electricity and automation solutions as well as security and safety solutions in the form of sprinklers. Caverion is responsible for design and engineering and project execution. The parties will not disclose the contract’s value.

Caverion has signed a two-year extension of the service agreement with the global biopharmaceutical company AstraZeneca in Sweden. The extended contract includes technical maintenance, managed operations and advisory services at AstraZeneca’s research and production facilities in Mölndal and Södertälje in Sweden. It covers the technical disciplines of heating and sanitation, ventilation and air conditioning, cooling and electricity. The parties have agreed not to disclose the value of the contract.

Caverion has signed a contract with the general contractor NCC AB to install heating and sanitation, cooling and electricity systems on the new campus of The Royal College of Music in Stockholm (KMH). The value of the contract is approximately EUR 4.3 million and it includes project management and project execution. The work on site is already underway and will be completed in 2016.

Caverion has signed a contract with the Swedish municipality of Leksand for the delivery of Managed Life Cycle services. The delivery is in the form of Energy Performance Contracting (EPC), in which Caverion analyses the municipality’s property stock and implements measures to reduce its energy consumption and environmental impact.

Caverion has signed a three-year contract with the Finnish nuclear power company Teollisuuden Voima Oyj on the maintenance services in the Olkiluoto 1 and Olkiluoto 2 nuclear power plant units located in Eurajoki, Finland. The parties have agreed not to disclose the value of the agreement.

Caverion and PVO-Vesivoima Oy have extended their partnership agreement on the operation, maintenance and development of PVO-Vesivoima’s hydropower plants at Kemijoki and Iijoki rivers in Northern Finland. The agreement, which entered into force in January 2015, is valid for three years and covers technical maintenance, managed operations and advisory services. The parties have agreed not to disclose the value of the agreement.

Caverion has signed a contract with the general contractor Veidekke AS to deliver all building systems for six new residential buildings for student accommodation in Sogndal, Norway. The delivery includes heating and sanitation, ventilation and air conditioning, electricity and automation systems. In addition to project execution, Caverion is responsible for the design and engineering and project management. The value of the contract is approximately EUR 2.3 million.

Caverion has signed two framework agreements for electricity estimated to a total worth over EUR 20 million with the NDEA (Norwegian Defence Estates Agency) Property and facility management (Forsvarsbygg utleie) in Norway. The agreements include project execution and technical maintenance of low voltage for various properties owned by the NDEA. The contracts are for four years, but can be terminated by either party after two years, and are estimated to be worth EUR 5.2 million each year. 

Caverion has signed a contract with Pori Energia Sähköverkot Oy on the delivery of a new 110/20 kV substation to the neighbourhood of Kaanaa in the city of Pori in Finland. The contract includes project management and execution: lead design of the substation, excavation and construction work, equipment deliveries, power line arrangements, cabling, testing, implementation and demolition work of the old substation. Caverion is the main contractor. The value of the contract is not disclosed.

Caverion has signed a contract with two real estate companies on the total technical solutions for two office buildings in Helsinki, Finland. The owner of the real estate companies (KOY Helsingin Hämeentie 33 and KOY Helsingin Vilhonvuorenkatu 6) is Aberdeen Asset Management Finland Oy. The delivery includes heating and sanitation, ventilation and air conditioning, electricity, and automation systems. In addition to project execution, Caverion is responsible for the project management. The total value of the contract is around EUR 5 million.

Caverion Corporation is holding its Annual General Meeting today, March 16, 2015 at 10:00 a.m Finnish time (EET) at Messukeskus, Expo and Convention Centre in Helsinki, Finland.

Caverion and Agnico Eagle Finland have signed a contract on the implementation of a district heating network in the Kittilä mine area in Lapland, Finland. The value of the contract is approximately EUR 3.4 million, and it covers design and engineering, project management and project execution. The design and engineering has started and the work is scheduled for completion in the autumn of 2015. 

Caverion has signed a contract with the oilfield services company Schlumberger for technical maintenance of production plants and office buildings in Surgut district and Astrakhan, Russia.

Caverion has secured a contract with ASFINAG, the public operator of the Austrian motor and expressway network, for delivering tunnel technology for the enclosed section of the A10 motorway near Zederhaus in the federal state of Salzburg. The contract value amounts to around EUR 6 million and includes design and engineering, project management and project execution.

Caverion has signed a contract with the general contractor Kruse Smith AS to install all building systems for the new Rygge Ungdomsskole Middle School in Østfold, Norway. The delivery includes heating and sanitation, ventilation and air conditioning, electricity, information and communication, security and safety, and automation systems. In addition to project execution, Caverion is responsible for the project management. The value of the contract is approximately EUR 8.8 million.

Caverion has signed an agreement with the city of Espoo on the modernization and extension of the Päivänkehrä school as a life cycle project. The project will be carried out in cooperation with YIT. The value of the contract for Caverion is approximately EUR 14 million, and it includes the design and engineering, project execution and project management covering all building systems of the property as well as technical maintenance and managed operations throughout the contract period until the year 2037.

Caverion Corporation has on February 26, 2015 signed an agreement with Eneas Holding AS on the purchase of the Norwegian company Esco Norway AS. Esco Norway is an energy services provider with expertise in EPC contracts (Energy Performance Contracting), BMS (Building Management System), EMS (Energy Management Systems), energy advisory services, and engineering.

for the St. Petersburg passenger port in Russia

Caverion has signed a contract with Volkswagen Commercial Vehicles to install ventilation and air conditioning systems for several buildings of the new Volkswagen plant in Wrzésnia, Poland. The value of the contract is approximately EUR 13 million and it covers the design and engineering of the systems as well as project execution in the vehicle assembly hall and office spaces, among others. The work on site will start in March 2015, and will be completed during the third quarter of 2016.

Caverion has signed a contract with Swedish Södra Cell AB on the delivery of process piping and insulation of pipe bridges together with steam piping for the Södra Cell pulp mill in Värö, Sweden. The installation will begin in March 2015 and will be completed by April 2016. The value of the contract is not disclosed.

Caverion has signed an agreement with the city of Kokkola on the life cycle project of the Torkinmäki school and day care centre. The project will be carried out in cooperation with YIT. The value of the contract for Caverion is approximately EUR 12 million. The designing and planning of the project will commence immediately.

Caverion has signed a contract with general contractor A. Enggaard to deliver a managed life cycle project for the new Holstebro police station. The value of the project is EUR 18.8 million, and it includes the total delivery of all building systems in the property,  followed by operation, service and maintenance  throughout a contract period of 25 years from completion.

Caverion and airline company Finnair have signed an agreement on the technical maintenance and managed operations as well as advisory services of Finnair’s properties in Finland. The agreement includes over 30 Finnair sites, totalling about 170,000 m2, in the Helsinki-Vantaa airport and its immediate vicinity. The parties have agreed not to disclose the value of the agreement.

Caverion has signed a contract with general contractor Skanska Husfabrikken AS to install all building systems, including heating and sanitation, ventilation and air conditioning, electricity, ICT, security and automation systems for a temporary school building in Bergen, Norway. The value of the project is approximately EUR 2 million and it covers design and engineering, project management and execution. The work on site is already underway and will be completed in July 2015.

Caverion has secured a contract for technical maintenance of the shopping and entertainment centre GAGARINSKY in Moscow, Russia. Technical maintenance is provided for all building systems: heating, sanitation, ventilation, air-conditioning, cooling, electricity, information and communication, security, safety and automation systems. The contract started on January 1, 2015 and it is valid for one year at a time. The parties have agreed not to disclose the value of the contract.

Caverion has secured a contract with general contractor Betonmast Trøndelag AS to install heating, sanitation, ventilation, air conditioning, electricity, security, safety and automation systems for the new Technology Building at Sør-Trøndelag College (HiST) in Norway. The value of the project is approximately EUR 9 million and it covers design & engineering, project management and execution of all building systems in the property. The work on site is already underway and will be completed in December 2016. 

Caverion and Fingrid, company taking care of the nation-wide high-voltage grid in Finland, have signed an agreement on the basic maintenance of substations in Finnish Lapland’s main grid region in 2015–2017. The technical maintenance agreement covers the basic maintenance of substations such as equipment service and substation inspections. Fingrid has divided its main grid into eight regions, of which the Lapland’s region is the northernmost.

Caverion has secured a contract with the real estate developers Arcona and Veidekke Bygg Stockholm to install electricity, heating, sanitation, ventilation and air conditioning to the new education center, Technology for Health, at Huddinge Hospital in Stockholm, Sweden. The value of the contract is approximately EUR 6.8 million and it includes advisory services, project management and execution. The work on site is already underway and will be completed in May 2016.

Caverion has secured a contract with general contractor Ove Skår AS to install ventilation, air conditioning, electricity, security, safety and automation for a new office building in Sarpsborg, Norway. The total value of the contract is EUR 2.3 million and it includes design and engineering, project management and execution. The work on site is already underway and will be completed in January 2015.

Caverion has secured a contract with general contractor Skanska Sverige to install heating, sanitation, ventilation, air conditioning and sprinklers for SL's new Fredriksdal bus depot in Stockholm. The total value of the contract is approximately EUR 5.4 million and it includes project management and execution. The work on site is already underway and will be completed in 2017.

Caverion has secured a contract with technology company HOERBIGER to install heating, sanitation, ventilation, air conditioning, cooling and automation to their new central HOERBIGER site in Vienna, Austria. The total value of the contract is over EUR 6 million and it includes project management and execution. The work on site is already underway and will be completed in spring 2016.

Caverion has secured a contract with The Deutsche Rentenversicherung Bund (German statutory pension insurance scheme) to install heating, cooling, sanitation, ventilation, security and safety including fire protection in one of their existing administrative buildings in Berlin. The value of the project is about EUR 15.6 million and it covers project management and execution. The work on site is already underway and will be completed in the beginning of 2016.

Caverion has entered into a contract with the pharmaceutical group Baxter in the framework of a consortium with Molin. Caverion is to install compressed air, heating, steam, air conditioning, sanitation and sprinkler systems for the industry client Baxter’s production plant in Krems, Austria. The total value of the contract is over EUR 10 million and Caverion’s part covers project management and execution. Caverion has already started the work on site and will be completed in June 2015.

Caverion has secured a contract with Austrian hotel group Parkhotel Altaussee GmbH to install heating, sanitation, cooling, ventilation, swimming pool water technology, fire extinguishing and control systems at hotel Viva Salis in Altaussee, Austria. The value of the project is about EUR 4.5 million and it covers design and engineering, project management and project execution. The work on site is already underway and will be completed in spring 2015.

Caverion and Lemminkäinen have signed an agreement on HVAC work to be carried out in an underground parking facility “Kivisydän” constructed in the centre of Oulu, Finland. The project execution includes the installation of heating and sanitation systems, ventilation, air conditioning and cooling systems. The contract is worth approximately EUR 3.4 million.

Caverion has secured a contract with real estate developer Actris Henninger Turm GmbH & Co. KG to install heating, sanitation, cooling, ventilation, safety and security as well as automation and electricity to the new Henninger Tower in Frankfurt am Main, Germany. The value of the project is about EUR 33 million and it covers project execution. The work on site is scheduled to start in December 2014 and will be completed approximately by the end of 2016.   

Caverion has secured a contract with a German automobile manufacturer to install ventilation and air conditioning systems for the expansion of one of their factories in Germany. The value of the contract is EUR 5.5 million and it covers project execution. The work on site is already underway and will be completed in February 2015.

Caverion has been awarded an agreement worth EUR 3.2 million to supply heating and sanitation, ventilation and air conditioning, electricity, security and safety as well as automation systems for the new Arendal police station in South Norway. In addition to installing all technical systems in the property, Caverion will be responsible for design & engineering, project management and project execution.

Caverion has secured a contract with the general contractor Ed. Züblin AG to install ventilation, air conditioning and sanitation systems to Aquis Plaza, a new shopping center under construction in Aachen, Germany. The value of the project is over EUR 5.5 million and it covers project management and project execution. With the contract, Caverion and Ed. Züblin AG are continuing their long-term partnership.

Olle Jonsson (49) has been appointed as Group Chief Information Officer (CIO) at Caverion as of November 1, 2014. In this position he will be responsible for leading Caverion’s global IT function, reporting to Senior Vice President, Group Development Sakari Toikkanen.

Spar European Shopping Centers (SES) has entrusted Caverion with the project execution of all technical systems, such as heating and sanitation, ventilation and air conditioning, as well as electrical installation, for the new building of the “Weberzeile” shopping centre in Ried, Austria. The comprehensive electrical installation of the shopping centre includes both security technology and measurement and control technology.

The petroleum refinery Total Raffinerie Mitteldeutschland GmbH and Caverion are continuing their partnership, which has been ongoing for about five years. The companies have renewed the contract for technical maintenance and managed operations at Total´s Leuna site in Germany. The value of the deal is not disclosed.

Caverion and Skanska have signed a contract on electricity work at the Valkea shopping centre in Oulu, Finland. The value of the contract is EUR 3.5 million. The real estate developer and owner of the shopping centre is Osuuskauppa Arina.

Caverion will deliver ventilation solutions to the new premises of the German Center for Neurodegenerative Diseases (DZNE) in Bonn, Germany. The contract is worth EUR 8.7 million and it includes project execution and technical maintenance for the next five years. Work has begun in June and is scheduled to be complete in the beginning of 2016.  

Caverion has signed a contract on technical maintenance and managed operations with Germany's leading engine manufacturer for civil and military aviation MTU Aero Engines AG. The agreement covers all technical systems of MTU’s headquarters in Munich including heating and sanitation, air conditioning, refrigeration and ventilation, building automation and electricity. The agreement will come into force in July 2014. The value of the deal is not disclosed.  

Caverion to deliver industrial tanks for Outotec in Finland

Caverion and Fortum have entered into an agreement on installation work to be carried out on the steel structures, pipelines and also electrical and automation systems in the cooling towers of the Loviisa nuclear power plant. Caverion will be responsible for the execution of the project, which has a value of over EUR 2 million.