HPP advised Caverion Industria Oy in the acquisition of shares in TM Voima group companies. In 2021, the revenue of TM Voima group’s substation and transmission line business amounted to EUR 30.5 million and the number of employees was 66. TM Voima group’s substation contracts comprise mainly of the design and construction of 110-400 kV main grid electricity substations in Finland and in Estonia. In transmission lines contracts, the company focuses on the design and construction of 110-400 kV transmission lines in Finland. The closing of the acquisition is subject to the approval by the Finnish Competition and Consumer Authority.
