Caverion Corporation

Caverion Corporation

Caverion designs, builds, operates and maintains intelligent and energy-efficient solutions for buildings, industries and infrastructures in Northern, Central and Eastern Europe. Our revenue for 2017 was approximately EUR 2.3 billion. The company is among Europe’s leading providers of technical solutions for buildings and industries. We have two business units: Projects and Services. Caverion has about 16,000 employees in 11 countries. Our head office is located in Helsinki, Finland. The Caverion share (CAV1V) is listed on the Helsinki Stock Exchange (Nasdaq Helsinki).

Company details

Torpantie 2 , Vantaa , 01650 Finland
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Business Type:
Service provider
Industry Type:
Construction & Construction Materials
Market Focus:
Internationally (various countries)
Year Founded:
1882
Employees:
101-1000
Turnover:
10,000,000 - 100,000,000 €

This company also provides solutions for other industrial applications.
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Strategy

Digitalisation will revolutionise our industry. Our vision is to be the First choice in digitalising environments for our customers, employees and partners in industry.  Our unique service offering covers the entire life cycle: design, build and maintenance.

We are a technology forerunner providing excellent customer experience. We will, after getting fit, grow faster than the market.

History

New company, long history

Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013.

The company is new, but we already have a long history and lots of valuable competence. We have roots in 11 countries across the Northern, Central and Eastern Europe.

As part of YIT, Caverion’s roots go back to 1912 when the Swedish company Allmänna Ingeniörsbyrån (AIB) established a branch office in Helsinki. Over the years, YIT developed into Finland’s leading builder of water supply and sewerage systems. In the 1970s, YIT started providing service and maintenance in properties, later followed by maintenance of industrial pipelines. The origins of Caverion’s business in building systems and industrial services lie in this business.

The building systems and industrial services business has grown over the years both organically and through acquisitions. In 2001−2010 the business was strongly expanded to cover totally new geographical areas. Through the acquired companies, the roots of our company go back even further in history.

Key acquisitions in Caverion’s history:
  • 1995: Huber Oy
  • 2001: Calor AB
  • 2003: ABB building systems operations
  • 2008: MCE AG building systems operations
  • 2010: Caverion GmbH