The Finnish Competition and Consumer Authority initiates further proceedings concerning Caverion’s acquisition of Maintpartner’s operations in Finland, Estonia and Poland
Caverion Corporation Stock exchange release 20 June 2019 at 1.30 p.m. EEST
The Finnish Competition and Consumer Authority initiates further proceedings concerning Caverion’s acquisition of Maintpartner’s operations in Finland, Estonia and Poland
Caverion has on 12 March 2019 signed an agreement with Maintpartner Holding Oy to acquire all of the shares in Maintpartner Group Oy including its subsidiaries in Finland, Poland and Estonia. Caverion announced the transaction in a stock exchange release on the same day, as supplemented on 13 March 2019. The transaction is subject to approval by the competition authorities. After its initial assessment, the Finnish Competition and Consumer Authority (the "FCCA") has, as part of its standard procedure, decided to initiate further proceedings concerning the transaction.
According to the Finnish Competition Act, further proceedings should not take longer than three months, unless extended due to further clarifications requested by the FCCA. 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 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