Smart Buildings

Finnish FM Company, Caverion Strengthens European Building Automation Presence

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Caverion, a Finnish listed company with €2.2 billion Euro revenues in 2020, is active in 11 countries in Northern, Central and Eastern Europe, supported by over 15,000 service and project employees. The group, formed in 2013 as a demerger of YIT Building Systems business, provides built environment services, such as technical maintenance and property management to facilities and infrastructure (63% of revenues), as well as installation of building technologies (37% of revenues). Caverion’s offering focuses on selected smart technologies requiring regular maintenance and providing sustainable value for the customers over the life cycle. Examples of these include Building Automation, Security, Safety and Cooling. Digital solutions such as Caverion SmartView, Remote Services, IoT solutions and Analytics have been introduced to attempt to differentiate Caverion from its competitors. Since July 2021, Caverion has been strengthening its building automation and physical security solutions and service business through three bolt-on acquisitions. Caverion recently signed an agreement to acquire Felcon […]

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