M&A Deal Summary

Caverion Acquires TM Voima - Substation & Transmission Line Business

On October 27, 2022, Caverion acquired energy services and equipment company TM Voima - Substation & Transmission Line Business from TM Voima

Acquisition Highlights
  • This is Caverion’s 1st transaction in the Energy Services and Equipment sector.
  • This is Caverion’s 3rd transaction in Finland.

M&A Deal Summary

Date 2022-10-27
Target TM Voima - Substation & Transmission Line Business
Sector Energy Services and Equipment
Buyer(s) Caverion
Sellers(s) TM Voima
Deal Type Divestiture

Target

TM Voima - Substation & Transmission Line Business

Vantaa, Finland
TM Voima's Substation & Transmission Line Business is a provider in the design and construction of 110-400 kV main grid electricity substations in Finland and Estonia.

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Buyer(S) 1

Buyer

Caverion

Helsinki, Finland

Category Company
Founded 1912
Sector Business Services
Employees14,958
Revenue 2.2B EUR (2020)
DESCRIPTION

Caverion is involved in designing, building, operating and maintaining user-friendly and energy-efficient technical solutions for buildings, industries and infrastructure. Their services and solutions are used in commercial and residential buildings and on industrial and public sector properties, as well as in processes, ensuring business continuity, safety, healthy and pleasant surroundings, optimal performance and cost management. Caverion was founded in 1912 and is based in Vantaa, Finland.


DEAL STATS #
Overall 4 of 9
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: Finland M&A 3 of 4
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Kaldt og Varmt

Askim, Norway

Kaldt og Varmt is a heating and cooling specialist with expertise in refrigeration and heating technology for industry, small and medium-sized companies. Kaldt og Varmt is based in Askim, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 LukkoPro

Oulu, Finland

LukkoPro offers smart security services in in six locations: Oulu, Raahe, Ylivieska, Kokkola, Viitasaari and Jyväskylä. LukkoPro was founded in 1976 and is based in Oulu, Finland.

Buy -

Seller(S) 1

SELLER

TM Voima

Vantaa, Finland

Category Company
Founded 2013
Sector Renewable Energy
DESCRIPTION

TM Voima provides licensing wind power projects. The Company has wind power development projects in the areas of Alavieska, Haapavesi, Nivala, Sievi and Ylivieska municipalities in Finland TM Voima was founded in 2013 and is based in Vantaa, Finland.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2022 M&A 1 of 1