Caverion

Vantaa, Finland Founded: 1912 • Age: 114 yrs Listed Acquired By YIT
Caverion is engaged in building performance and facility management.

About Caverion

Caverion is a publicly listed company based in Vantaa (Finland) founded in 1912, and was acquired by YIT in June 2010. Caverion is engaged in building performance and facility management. It operates on a Managed Services and Professional Services model in Business Services and Energy & Utilities sectors. Caverion has completed 16 acquisitions, including CS electric, Gunderlund and Jetitek. Its chief executive is Ari Lehtoranta. Its website caverion.com draws about 46 thousand monthly visits. Caverion offers products and services including Technical Facility Management, Industrial Maintenance, and Energy Smart Solutions. Its focus areas include Construction, Building Services, Facility Management and Energy. Its legal entity is Caverion Corporation.

Company details

Caverion is involved in providing technical facility management, industrial maintenance, and energy-smart solutions across Northern Europe. Services are offered in sectors like critical infrastructure, data centers, and property management. Sustainable and innovative solutions are developed to enhance building performance and support clients environmental goals. Operations span multiple countries with a focus on smart technologies and lifecycle management.

  • Headquarters Vantaa, Finland
  • Stage Public
  • Sectors
    Business Services
    Energy & Utilities
  • Website category Heavy Industry and Engineering · Construction and Maintenance
  • Phone
    •••• ••••
  • Website caverion.com
  • Social LinkedIn X Facebook YouTube
  • Acquired by YIT (Jun 2010)
  • Legal Name Caverion Corporation
Key Metrics
  • Latest Funding Round
    $161.53K (USD), Grant

    Oct 2023

  • Investors
    YIT

    & 2 more

  • Investments & Acquisitions
    CS electric

    & 15 more

  • Acquired by
    YIT

    (Jun 2010)

Products & Services of Caverion

Caverion offers a comprehensive portfolio of products and services, including Technical Facility Management, Industrial Maintenance, and Energy Smart Solutions.

Technical Facility Management
Facility Management

Technical maintenance for buildings is provided by experts.

Industrial Maintenance
Industrial Services

Industrial maintenance services are offered for various sectors.

Energy Smart Solutions
Energy Services

Energy optimization solutions are delivered for sustainable performance.

Apps and channels of Caverion

its YouTube channel Caverion has 489 subscribers and 30 videos.

Caverion
YouTube 489 subscribers 30 videos Science & Technology
Open channel

Videos from Caverion

The most watched videos on Caverion's YouTube channel, Caverion (489 subscribers). Click a video to play it here.

Lifecycle partner for St. Pölten University of Applied Sciences in Austria
851 views
Sustainable Growth
432 views
Supporting Recharge in EV charging infrastructure in Norway
428 views
Caverion SRI Consultation
311 views

More on Caverion.

Funding Insights of Caverion

  • Total Rounds 16
  • Last Round Grant — $161,526
  • Investors Count 2

Latest 10 of 16 funding rounds of Caverion with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Oct 2023$161,526Grant––
Jan 2023–Post-IPO––
Nov 2020$475,704Grant––
Jan 2020$450,149Grant––
Jan 2019$437,662Grant––
Dec 2018$267,801Grant––
Nov 2018$289,263Grant––
Jan 2018$305,471Grant––
Feb 2017$844Grant––
Aug 2016$167,601Grant––
Valuation history

3 investors in total: 3 institutional.

Investors in Caverion

Caverion has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include YIT, European Union and Crayfish Bidco.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
-
–crayfishbidcooy.tcc.mode-
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
1958europa.euBrussels, Belgium
Residential, commercial, and infrastructure development services are provided globally.
1912yitgroup.comHelsinki, Finland
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Investor details for Caverion

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  • Round participation
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  • Co-investor network

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People of Caverion

130 people are tracked at Caverion (46 in leadership, 84 in team).

NameRoleGroup
Ari Lehtoranta
CEO & PresidentLeadership
Minna Pakarinen
HR Business PartnerLeadership
Camilla Myllerup
HR Business PartnerLeadership
Jussi Lehtonen
Vice President, Head Of Strategy And M&a At Caverion FinlandLeadership
Katariina Nilsson
Vice President, Advisory Services And PartnershipsLeadership
Roar Andersen
Head Of Business Development & SalesLeadership
Klas Tocklin
VP / Head Of Managed Service, Advisory Services And Keyaccoynts, Division SwedenLeadership
Kati Riittinen
HR Business PartnerLeadership
Jacob Götzsche
President & CEOLeadership
Tero Ikola
Vice President ProcurementLeadership
Jan Nyman
Business Unit DirectorLeadership
Matthias Schiele
Head Of Sales Project And ServiceLeadership
Taina Mäki
Head Of Finance, IndustryLeadership
Krister Poole Jönsson
Head Of Project Business Unit, SwedenLeadership
Sandra Abbiss-Kalleder
HR Director / Personalleiterin Caverion Deutschland GmbhLeadership
Stine Thorup
Chief Legal And HR Officer, Division DenmarkLeadership
Ulrich Lund
HR Director | HR DirektørLeadership
Samu Mandelin
Head Of UnitLeadership
Tommi Heikkilä
Director, Customer SolutionsLeadership
Kari Reunanen
Head Of Business, Energy And RefrigerationLeadership

110 more people are available in the full profile.

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Complete people profiles for Caverion

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Caverion

Caverion has strategically engaged in corporate development activities, having acquired 16 companies. Notable acquisitions include CS electric, Gunderlund and Jetitek.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Laser coating services are provided in Kokkola, Finland, since 2004.
lcc.fiKokkola, Finland2004Jun 2026••••
Provider of commercial and industrial refrigeration, air conditioning, and heat pump systems
lepuschitz.atVillach, Austria0Jul 2025••••
Industrial air filtration and climate control systems are manufactured.
schulz-lufttechnik.deGermany0Apr 2025••••
Provider of ventilation, plumbing, and building automation services
vvsteknikk.noAlesund, Norway1887Jun 2023••••
Provider of property management services
lukkopro.fiOulu, Finland1976Nov 2022••••
Residential ventilation, plumbing, and cooling services are provided.
simex-kk.noStavanger, Norway2017Sep 2022••••
Household, electrical, and electronic appliances are manufactured by CS Electric.
cselectric.dkEsbjerg, Denmark1973Sep 2022••••
Lighting and electronics are maintained and installed for radio telephones.
visi.fiKotka, Finland1955Jul 2022••••
Project planning, industry services, and property management are provided.
wtservice.fiVaasa, Finland2013May 2022••••
Heat pumps and refrigeration services are provided in Norway.
kaldtogvarmt.noAskim, Norway2016May 2022••••
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Complete acquisition details for Caverion

Acquired stakes, deal sources and the complete acquisition history require an active premium plan.

  • Acquired stakes
  • Deal sources
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  • Exports

Verified entity values are shown only after access is granted.

Timeline of Caverion

15 dated milestones of Caverion across 114 years, from founding to its latest funding, stage changes and deals.

  1. Founded Caverion is founded.
  2. Exit Acquired by YIT.
  3. IPO Lists on the stock exchange (IPO).
  4. Funding First funding round.
  5. Acquisition Acquires Kaldt og Varmt.
  6. Acquisition Acquires WT-Service.
  7. Acquisition Acquires Visi.
  8. Acquisition Acquires CS electric.
  9. Acquisition Acquires Simex Climate & Cold.
  10. Acquisition Acquires LukkoPro.
  11. Acquisition Acquires VVS Teknikk More.
  12. Funding Latest funding round, Grant, of $162K.
  13. Acquisition Acquires Schulz Lufttechnik.
  14. Acquisition Acquires Lepuschitz.
  15. Acquisition Acquires Kokkola LCC Oy.

Web traffic of Caverion

The website of Caverion (caverion.com) receives about 45.9K visits a month and ranks #693,397 among all websites worldwide, #10,774 in Construction and Maintenance.

  • Monthly visits
    45.9K

    ▼ 1.6% vs previous month

  • Unique visitors
    15.4K

    per month

  • Global rank
    #693,397

    among all websites

  • Category rank
    #10,774

    Heavy Industry and Engineering · Construction and Maintenance

Similar websites

Websites whose visitors overlap most with Caverion. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
yitgroup.com
100%
23.9K#1,055,677View details
rapidengineering.com
rapidengineering.com
99%
–#4,662,249–
hvi.org
hvi.org
91%
–#1,625,597–
insul-vest.com
insul-vest.com
83%
–––
heatmor.com
heatmor.com
78%
–#3,305,504–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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All 12 similar websites and full traffic analytics for Caverion

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  • 12 similar websites
  • Audience overlap
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Verified entity values are shown only after access is granted.

Top companies in Facility & Event Management Services

10 companies that operate in the same segment as Caverion (Facility & Event Management Services), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Live entertainment events and ticketing services are managed worldwide.
2005Beverly Hills, California, United States–USD 25.2 B16,200
Provider of facility & project management, advisory, general contracting, and real estate development services
2010Mumbai, Maharashtra, IndiaUSD 117.79 MUSD 62.85 M15,502
Security solutions and business support services are provided globally.
1998Delhi, Delhi, IndiaUSD 54.68 MUSD 1.7 B192,810
Elevators, escalators, and moving walkways are manufactured, installed, and serviced.
1853Farmington, United States–USD 14.43 B72,000
Provider of security solutions with manned guarding, logistics, alarms, cybersecurity, and private security internationally
1976Madrid, Madrid, Spain–USD 2.17 B56,530
Integrated facility management services are provided to businesses worldwide.
1901Copenhagen, Denmark–USD 13.32 B326,480
Provider of diversified physical security services
1901London, England, United KingdomUSD 541 M––
Developer, operator, and franchisor of trampoline and active entertainment parks
2004Provo, Utah, United States––335
Provider of diversified professional and investment management services
1976Toronto, Ontario, Canada–USD 5.67 B22,940
Ascential is integrated into Informa Group for B2B events.
1947London, England, United Kingdom–USD 256.74 M3,611
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Related news about Caverion

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Frequently Asked Questions about Caverion

Caverion was founded in 1912 and raised its 1st funding round 102 years after it was founded.

Caverion is headquartered in Vantaa, Finland.

Ari Lehtoranta is the current CEO of Caverion.

Caverion is involved in providing technical facility management, industrial maintenance, and energy-smart solutions across Northern Europe. Services are offered in sectors like critical infrastructure, data centers, and property management. Sustainable and innovative solutions are developed to enhance building performance and support clients environmental goals. Operations span multiple countries with a focus on smart technologies and lifecycle management.

Caverion offers Technical Facility Management, Industrial Maintenance, and Energy Smart Solutions.

Caverion has made 16 acquisitions, including CS electric, Gunderlund, and Jetitek.

Caverion has 3 investors. Key investors include YIT, European Union, and Crayfish Bidco.

Caverion operates through Caverion Corporation.

Yes. Caverion was acquired by YIT in June 2010.

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