Caverion
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Type | Julkinen osakeyhtiö |
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HEL: CAV1V | |
Industry | Technical solutions for buildings and industries |
Founded | 2013 |
Headquarters | Vantaa , Finland |
Key people | Jacob Götzsche (President & CEO at Caverion), Mats Paulsson (Chairman) |
Revenue | € 2,139.5 million (2021) |
Number of employees | 14,831 (2021) |
Website | www |
Caverion is a Finnish listed company that designs, implements and maintains building technology and industrial services. Caverion's offering covers the entire life cycle of buildings, infrastructure or industrial sites and processes: from design & build to projects, technical and industrial maintenance, facility management and advisory services.
Caverion has two business units: Services and Projects. The company has about 14,000 employees in 10 countries. Shares are listed on Nasdaq Helsinki.[1]
History
Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013. Caverion has a long heritage with roots in many different countries. As part of YIT, the companies roots go back to 1912 in Finland. In some divisions, the roots of later integrated companies go back even to the 19th century.
Key mergers and acquisitions
2013
Caverion Corporation was established through the partial demerger of YIT Corporation on June 30, 2013, when YIT's Building Services and Industrial Services operations were transferred to an independent company. Trading in Caverion Corporation's shares at Helsinki Stock Exchange (NASDAQ OMX Helsinki Ltd) began July 1, 2013.
2015
Acquisition of Esco Norway, Norway
2016
Acquisition of Arneg Kühlmöbel. Austria
Acquisition of Sähkötaso Esitystekniikka Oy, Finland
2017
Asset deal with Enegia covering remote property management in Finland
Divestment of product business under the Krantz brand, Germany
2018
Acquisition of Jetitek Oy, Finland
Divestment of piping and tank business and the related Ylivieska workshop, Finland
Divestment of Czech subsidiary, Caverion Česká republika s.r.o.
2019
Acquisition of Maintpartner's operations in Finland, Estonia and Poland
Acquisition of Refrigeration Solutions business of Huurre Group Oy in Finland and Sweden
Acquisition of Pelsu Pelastussuunnitelma Oy, Finland
Divestment of Polish subsidiary, Caverion Polska Sp. Z o.o.
2020
Divestment of the parts of Industry operations to Elcoline Oy
2021
Acquisition of GTS Immobilien GmbH in Austria
Acquisition of Felcon GmBH in Austria
Acquisition of RPH Linc AB in Sweden
Acquisition of Merius Oy in Finland
Acquisition of Bott Kälte- und Klimatechnik in Germany
Divestment of the subsidiary in Russia
2022
Acquisition of WT-Service Oy in Finland
Acquisition of Wind Controller in Finland
Acquisition of Kaldt og Varmt AS in Norway
Acquisition of DI-Teknik A/S in Denmark
Acquisition of Frödéns Ventilation AB in Sweden
Acquisition of CS Electric A/S in Denmark
Corporate governance
Caverion announced 19 May 2021 that the Board of Directors had appointed Jacob Götzsche as the President and CEO of Caverion Corporation.
Jacob Götzsche started in this position on 9 August 2021.[2]
Ownership
Biggest shareholders at the end of May 2022:[3]
- Herlin Antti
- Fennogens Investments
- Varma Mutual Pension Insurance Company
- Mandatum Companies
- Säästöpankki Funds
- Ilmarinen Mutual Pension Insurance Company
- Elo Mutual Pension Insurance Company
- Caverion Oyj
- The State Pension Fund
- Brotherus Ilkka
Sustainability
Caverion's sustainability target by 2030 is to create sustainable impact through our solutions, with a positive carbon handprint 10 times greater than the company's own carbon footprint. The company has three focus areas in sustainability:[4]
- Decreasing our footprint
- Increasing our handprint
- Caring for our people
- Ensuring sustainable value chain
Controversies
According to KPMG in November 2019 Norwegian Caverion and Lithuania Caverion paid employees in Norway 99 krones an hour while minimum wage was 184,36 Norwegian krones an hour.[5]
The incident was investigated by Statsbygg in Norway and though several regulatory violations were found, among them violating subcontractors pay and working conditions, the violations were not of the nature that Caverion was considered to have engaged in social dumping.[6]
References
- ^ "CAV1V, Caverion Oyj, (FI4000062781) - Nasdaq". www.nasdaqomxnordic.com. Retrieved 2020-02-19.
- ^ "Jacob Götzsche appointed President and CEO of Caverion".
- ^ "Major shareholders".
- ^ "Sustainability and Caverion".
- ^ Suomalaisomisteisen yrityksen maksamat palkat ihmetyttävät Norjassa – Selvitys: Työntekijälle maksettiin puolet norjalaisen tuntipalkasta. Caverion-yhtiön mukaan epäily palkkojen polkemisesta on väärä ja liettualaisille on maksettu minimipalkkaa vastaavasti YLE 12.11.2019
- ^ Byggeindustrien (2019-12-05). "Statsbygg-granskning av byggeplassen til nytt nasjonalmuseum: - Ikke sosial dumping". Bygg.no - Byggeindustrien (in Norwegian Bokmål). Retrieved 2020-02-19.
External links
- CS1 Norwegian Bokmål-language sources (nb)
- Articles with short description
- Short description with empty Wikidata description
- Articles with a promotional tone from September 2021
- All articles with a promotional tone
- Justapedia articles with style issues from September 2021
- Articles with invalid date parameter in template
- All articles with style issues
- Articles with multiple maintenance issues
- Official website not in Wikidata
- Construction and civil engineering companies of Finland
- 1912 establishments in Finland
- Construction and civil engineering companies established in 1912
- Companies listed on Nasdaq Helsinki