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Announced

Completed

Caverion completed the acquisition of the substation and transmission line business in Finland and Estonia of TM Voima.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Cross Border

Estonia

Renewable Energy Equipment

Private

Acquisition

Friendly

Single Bidder

Finland

electricity transmission services

Completed

Synopsis

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Caverion, a Finnish listed company that designs, implements and maintains building technology and industrial services, completed the acquisition of the substation and transmission line business in Finland and Estonia of TM Voima, a firm that focuses on licensing wind power projects. Financial terms were not disclosed. "The additional expertise and resources will enable us to serve our customers even more broadly. We are looking forward to welcome about 70 new professionals of electricity transmission and distribution systems to join our growing team," Elina Engman, Caverion Head of Industry division.

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