The Finnish Competition and Consumer Authority confirms that the conditions on the divestment size in Caverion’s Maintpartner transaction have been fulfilled
Caverion Corporation Stock exchange release 25 February 2021 at 12.15 p.m. EET
The Finnish Competition and Consumer Authority confirms that the conditions on the divestment size in Caverion’s Maintpartner transaction have been fulfilled
The Finnish Competition and Consumer Authority (the “FCCA”) has today confirmed that Caverion’s divestment on 30 September 2020 did fulfil the conditions on the divestment size in Caverion’s Maintpartner transaction.
According to a stock exchange release published by Caverion on 22 November 2019, the approval of the Finnish Competition and Consumer Authority (the “FCCA”) on the Maintpartner transaction included certain conditions based on which Caverion was to divest approximately 6.5 percent of the post-transaction revenue (approximately EUR 300 million in 2018) of the Industry division in Finland. Caverion completed the sale of certain Finnish operations of Caverion Industria Ltd to Elcoline Oy on 30 September 2020. The FCCA approved that the sale of this business did fulfil the conditions on the divestment size in accordance with its decision.
CAVERION CORPORATION
Distribution: NASDAQ Helsinki, principal media, www.caverion.com
For further information, please contact:
Elina Engman, Executive Vice President, Caverion Industry, tel. +358 50 351 4673, elina.engman@caverion.com
Martti Ala-Härkönen, Chief Financial Officer, Caverion Corporation, tel. +358 40 737 6633, martti.ala-harkonen@caverion.com
Milena Hæggström, Head of Investor Relations and External Communications, Caverion Corporation, tel. +358 40 5581 328, milena.haeggstrom@caverion.com
Our life is shaped by the environments we build around us. By making built environments smart and sustainable, Caverion enables performance and people’s well-being. Customers can trust our expert guidance during the entire life cycle of their buildings, infrastructure or industrial sites and processes: from design & build to projects, technical and industrial maintenance, facility management as well as advisory services. Our customers are supported by over 15,000 professionals in 11 countries in Northern, Central and Eastern Europe. Our revenue in 2020 was approximately EUR 2.2 billion. Caverion’s shares are listed on Nasdaq Helsinki.
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