HPP advised listed client, Caverion Oyj, in a transaction with Maintpartner Holding Oy to acquire all of the shares in Maintpartner Group Oy, including its subsidiaries in Finland, Poland and Estonia. The acquisition excludes Maintpartner Group Oy’s subsidiary in Sweden. The FCCA approved the merger subject to conditions on November 22, 2019.
The revenue of the business to be acquired was approximately EUR 137 million in 2018, with most of the revenue generated in Finland. The business employed approximately 1,500 people in 2018. The acquisition complements Caverion’s expertise in industrial maintenance and services as well as development of digital solutions. It also supplements Caverion’s geographical coverage and customer base in various industrial segments.
Caverion designs, builds, operates and maintains intelligent and energy-efficient solutions for buildings, industries and infrastructures in Northern, Central and Eastern Europe.