Caverion is a Finnish listed company that designs, implements, and maintains building technology and industrial services. Its offering covers the entire life cycle of buildings, infrastructure, or industrial sites and processes: from design and build to projects, technical and industrial maintenance, facility management, and advisory services. The company has two business units: Services and Projects and has about 14,500 employees in 10 countries. Its shares are listed on the Nasdaq Helsinki. History Caverion was established in June 2013 through the demerger of the Building Services and Industrial Services businesses from YIT Group. The company has a long heritage, with roots in many different countries. As part of YIT, the company's roots go back to 1912 in Finland. In some divisions, the roots of later-integrated companies go back even to the 19th century. Key mergers and acquisitions 2013 Caverion Corporation was established on June 30, 2013, through the partial demerger of YIT Corporation, when YIT's Building Services and Industrial Services operations were transferred to an independent company. Trading in Caverion Corporation's shares on the Helsinki Stock Exchange (NASDAQ OMX Helsinki Ltd) began on July 1, 2013 2015 Acquisition of Esco Norway, Norway 2016 Acquisition of Arneg Kühlmöbel. Austria Acquisition of Sähkötaso Esitystekniikka Oy, Finland 2017 Asset deal with Enegia covering remote property management in Finland Divestment of product business under the Krantz brand, Germany 2018 Acquisition of Jetitek Oy, Finland Divestment of piping and tank business and the related Ylivieska workshop, Finland Divestment of Czech subsidiary, Caverion Česká republika s.r.o. 2019 Acquisition of Maintpartner's operations in Finland, Estonia and Poland Acquisition of Refrigeration Solutions business of Huurre Group Oy in Finland and Sweden Acquisition of Pelsu Pelastussuunnitelma Oy, Finland Divestment of Polish subsidiary, Caverion Polska Sp. Z o.o. 2020 Divestment of the parts of Industry operations to Elcoline Oy 2021 Acquisition of GTS Immobilien GmbH in Austria Acquisition of Felcon GmBH in Austria Acquisition of RPH Linc AB in Sweden Acquisition of Merius Oy in Finland Acquisition of Bott Kälte- und Klimatechnik in Germany Divestment of the subsidiary in Russia 2022 Divestment of ALEA GmbH in Austria Acquisition of Carrier's food retail refrigeration business in Finland Acquisition of LukkoPro in Finland Acquisition of Simex Klima & Kulde AS in Norway Acquisition of CS electric A/S in Denmark Acquisition of Visi Oy in Finland Acquisition of PORREAL Group in Austria Division of the business of Botnia Mill Service between Caverion and Metsä