Caverion acquires the Finnish industrial service specialist WT-Service Oy

Caverion Corporation Investor news 11 May 2022 at 2.00 p.m. EEST

Caverion acquires the Finnish industrial service specialist WT-Service Oy

Caverion has closed an agreement to acquire WT-Service Oy ("WT-Service") in Finland. The company provides industrial maintenance, installation and project services in the Vaasa region, Finland. The acquisition strengthens Caverion's regional footprint with new experts and a solid customer base.

WT-Service is specialised in the maintenance of technically demanding production sites and its customers include several well-known large industrial companies. The company has 17 employees and its revenue was EUR 1.7 million in 2021. The purchase price is not disclosed.

"The acquisition strengthens Caverion's installation and maintenance services in Vaasa region where industrial activity is high. With the new specialists joining us, we will be able to serve our customers even better going forward. We warmly welcome our new colleagues to the team" says Elina Engman, Executive Vice President, Caverion Industry.

Source: Cision

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