Caverion
Caverion is a Finnish company. Its purpose is to enable performance and people's well-being in smart and sustainable built environments. 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 15,000 employees in 11 countries. Shares are listed on Nasdaq Helsinki. 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 RPH Linc AB in Sweden 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. Ownership. Biggest shareholders at the end of December 2020: 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: 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. 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.