Caverion to acquire GTS, a well-known building automation provider in Austria
Caverion Corporation Investor news 2 July 2021 at 12.15 p.m. EESTCaverion to acquire GTS, a well-known building automation provider in Austria
Caverion has today closed an agreement to acquire GTS Immobilien GmbH (“GTS”) in Austria. Through its subsidiary GTS Automation GmbH, GTS Group is a well-known company on the Austrian market for building automation. Through the acquisition, Caverion supports its growth strategy and strengthens its market position in smart technologies.
GTS was founded in 2006, initially operating in a partnership with an Austrian building automation group in