Caverion has completed the sale of its piping and tank business

Caverion Corporation Investor news 31 December 2018 at 1.00 p.m. EET

Caverion has completed the sale of its piping and tank business

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.

Revenue of the divested business is approximately EUR 45 million in 2018.

For more information, please contact:

Martti Ala-Härkönen, Chief Financial Officer, Caverion Corporation, tel. +358 40 737 6633, martti.ala-harkonen@caverion.com

Milena Hæggström, Head of Investor Relations, Caverion Corporation, tel. +358 40 5581 328, milena.haeggstrom@caverion.com

Caverion provides smart technical solutions and services for buildings, industrial processes and infrastructure. Our unique service offering covers the entire life cycle: design, build and maintenance. Our vision is to be the first choice in digitalising environments for customers, employees, partners and investors. Our revenue in 2017 was approximately EUR 2.3 billion. Caverion has about 16,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com Twitter: @CaverionGroup