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  5. Caverion Acquires VVS Teknikk

M&A Deal Summary

Caverion Acquires VVS Teknikk

On June 26, 2023, Caverion acquired construction company VVS Teknikk for 8M EUR

Acquisition Highlights
  • This is Caverion’s 1st transaction in the Construction sector.
  • This is Caverion’s 0th largest (disclosed) transaction.
  • This is Caverion’s 2nd transaction in Norway.

M&A Deal Summary
Date 2023-06-26
Target VVS Teknikk
Sector Construction
Buyer(s) Caverion
Deal Type Add-on Acquisition
Deal Value 8M EUR

Target

VVS Teknikk

Alesund, Norway
VVS Teknikk is a plumbing contractor that works within the four professional areas of ventilation, plumbing, building automation, and ITB. The company's expertise is wide-ranging and ranges from civil engineers in plumbing, electrical, and construction, plumbers with professional certificates, ventilation fitters with various mechanical and construction training, refrigeration technicians, economists, etc. VVS Teknikk is based in Alesund, Norway.

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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 6 of 9
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
Country: Norway M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 Alea

Vienna, Austria

Alea is a provider of soft facility services that include basic cleaning, maintenance cleaning, window and facade cleaning, extra cleaning, and technical faculty services. Alea is based in Vienna, Austria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 Eskilstuna El-Tjanst

Eskilstuna, Sweden

Eskilstuna El-Tjänst offers electrical services and smaller-scale electrical contracting services, mainly in the cities of Eskilstuna and Strängnäs and their environs. Services include troubleshooting, repairs and new installation, as well as some control and fine-tuning services. Customers include local property and industrial companies and other installation companies. Eskilstuna El-Tjänst was formed in 2021 and is based in Eskilstuna, Sweden.

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