The Finnish Competition and Consumer Authority has applied for a two-month extension from the Market Court concerning Caverion’s acquisition of Maintpartner’s operations in Finland, Estonia and Poland
Caverion Corporation Stock exchange release 3 September 2019 at 7.00 p.m. EEST
The Finnish Competition and Consumer Authority has applied for a two-month extension from the Market Court concerning Caverion’s acquisition of Maintpartner’s operations in Finland, Estonia and Poland
Caverion signed on 12 March 2019 an agreement to acquire all of the shares in Maintpartner Group Oy including its subsidiaries in Finland, Poland and Estonia. The transaction is subject to approval by the competition authorities. The Finnish Competition and Consumer Authority (the "FCCA") has with Caverion’s consent applied for a two-month extension period from the Market Court for its further proceedings initiated on 20 June 2019. The Market Court has on 3 September 2019 extended the deadline for clearance so that the final decision on the matter will be given at the latest on 24 November 2019. The additional time is required to finalise the proceedings.
Releases on the matter will be made available on the website of the FCCA (only available in Finnish) under: https://www.kkv.fi/ajankohtaista/Tiedotteet/2019 and on the website of the Market Court under: https://www.markkinaoikeus.fi/fi/index/paatokset/kilpailuasiat.html. Caverion has received the approvals from all other relevant competition authorities.
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