Caverion provides total technical solution for six student residential buildings in Norway

Caverion Corporation    Investor News     March 31, 2015 at 11:00 EEST

Caverion provides total technical solution for six student residential buildings in Norway

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.

The buildings under construction are owned by the student organisation Studentsamskipnaden Sogn og Fjordande. With 150 apartments and parking garage for 180 cars, the total area of all six buildings amounts to 8,000 m2.

Department manager for Veidekke Sogn og Fjordande, Svein Even Dale, says they chose Caverion because there are clear advantages in engaging a technical contractor that can deliver all technical disciplines and is involved in every stage of the project – from design to project management and execution.

“Dealing with only one point of contact reduces our project-related risks, and saves us time and money. Unnecessary interfaces between disciplines are removed, and we can trust that all technical systems work together in the optimum way.”

Caverion’s work has already started, and it will be completed in July 2016.

An illustration of the properties can be downloaded at:

http://imagebank.caverion.com/check_a.php?hash=5a0205db8827caee0886878818105a41

Further information:

Caverion Norway, Roar Andersen, Head of Communications, tel. + 47 908 30 310, roar.andersen@caverion.no

Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings and industries. Our services are used in offices, retail properties, housing, public premises, industrial plants and infrastructure, among other places. We aim to be a leading European provider of advanced and sustainable life cycle solutions. Our strengths include technological competence and comprehensive services, covering all technical disciplines throughout the life cycle of the property and industrial plant. Our revenue for 2014 amounted to approximately EUR 2.4 billion. Caverion has about 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com

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