Caverion has received clearance from the Finnish Competition and Consumer Authority for the acquisition of Maintpartner’s Finnish operations
Caverion Corporation Stock exchange release 22 November 2019 at 2.00 p.m. EET
Caverion has received clearance from the Finnish Competition and Consumer Authority for the acquisition of Maintpartner’s Finnish operations
Caverion has received clearance from the Finnish Competition and Consumer Authority (the "FCCA") for the acquisition of Maintpartner’s Finnish operations. The FCCA approval includes certain conditions based on which Caverion is committed to divest approximately 6.5 percent of the post-transaction revenue (approximately EUR 300 million in 2018) of the Industrial Solutions division in Finland.
Caverion now has all the regulatory approvals needed to be able to complete the transaction, which was announced on 12 March 2019 in a stock exchange release, as supplemented on 13 March 2019. The closing of the transaction is expected to take place by the end of November 2019.
A release on the matter will be made available on the website of the FCCA (only available in Finnish) under: https://www.kkv.fi/ratkaisut-ja-julkaisut/kilpailuasiat/.
CAVERION CORPORATION
Distribution: Nasdaq Helsinki, key media, www.caverion.com
For additional information, please contact:
Martti Ala-Härkönen, Chief Financial Officer, Caverion Corporation, tel. +358 40 737 6633, martti.ala-harkonen@caverion.com
Sakari Toikkanen, Head of Caverion Division Industrial Solutions, tel. +358 40 532 2174, sakari.toikkanen@caverion.com
Milena Hæggström, Head of Investor Relations, 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 2018 was approximately EUR 2.2 billion. Caverion has about 15,000 employees in 10 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com Twitter: @CaverionGroup