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

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.