Avalon completed the acquisition of Alea from Caverion.

Avalon, a technology company, completed the acquisition of Alea, an Austrian provider of soft facility services with 230 employees, from Caverion, a Finnish listed company that designs, implements and maintains building technology and industrial services. Financial terms were not disclosed. "At Caverion, we together with PORREAL, focus on offering our customers a wide range of technical facility services and smart, sustainable solutions," Manfred Simmet, Caverion Head of Austria division.