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Caverion: Caverion and Lunawood make a partnership agreement on the Technical Maintenance and Managed Services in Finland

Caverion Corporation Investor news 28 November, 2016 at 11.00 a.m. EET

Caverion and Lunawood make a partnership agreement on the Technical
Maintenance and Managed Services in Finland

Caverion and Oy Lunawood Ltd enter into an agreement concerning
Technical Maintenance and Managed Services of Lunawood's production
plant located in Iisalmi, Finland. The five-year contract takes
effect at the beginning of January 2017. The value of the agreement
will not be disclosed.


In connection with the transfer of the business, six people from the
maintenance teams at the Iisalmi production plant will transfer into
Caverion Suomi Oy's employment on 1 January, 2017, while retaining
their status as "old employees".

The agreement covers Lunawood's production and other facilities in
Iisalmi, totalling around 10,060 square meters.

"We at Lunawood are excited to partner with Caverion. We will get
professionals to implement and develop our maintenance. Technical
maintenance and ensuring the availability will have a more
significant role in the coming years as we implement our growth
strategy. We believe that Caverion will provide us best expertise in
the field," says Arto Halonen, Lunawood's CEO.

"We are pleased to start cooperation with Lunawood. We believe we can
introduce new ways of working for constant development of technical
maintenance and its efficiency and securing uninterrupted operations.
In addition, we have set a common goal to improve energy efficiency
by implementing energy saving measures and energy management
services. We would like to welcome the personnel transferring to
Caverion's team," says Jarno Hacklin, Executive Vice President & CEO,
Division Finland.

Oy Lunawood Ltd belongs to Caverion's industrial client segment.

Read more about our services to forest, pulp and paper industry

Photos: Lunawood

Further information:
Kirsi Hemmilä, Communications Manager, Caverion Finland, tel. +358 50
390 0941,

Arto Halonen, CEO, Oy Lunawood Ltd, tel. +358 40 8232877,

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings, industries and
infrastructure. Our services and solutions are used in commercial and
residential buildings and on industrial and public sector properties,
as well as in processes, ensuring business continuity, safety,
healthy and pleasant surroundings, optimal performance and cost
management. Our vision is to be a leading European provider of
advanced and sustainable life cycle solutions for buildings and
industries. Our strengths include technological expertise and
comprehensive services, covering all technical disciplines throughout
the entire life cycles of properties and industrial plants. Our
revenue in 2015 was approximately EUR 2.4 billion. Caverion has over
17,000 employees in 12 countries in Northern, Central and Eastern
Europe. Caverion's shares are listed on Nasdaq Helsinki. (, @CaverionGroup

Join our story: #Csaga
Oy Lunawood Ltd is an innovative pioneer in the thermal modification
of wood and has grown to be the global Thermowood® market leader. The
company's status is based on the quality of its products and its
reliable customer service. Lunawood is a target-oriented growth
company which employs 81 people in Finland at production plants in
Iisalmi, Kaskinen and Joensuu as well as the Lahti sales office. The
company's annual production capacity is 105,000m3 and the majority of
the company's production is exported. Lunawood Thermowood is sourced
from well managed and sustainable forests in Finland and our products
are attractive, durable and non-toxic. Lunawood is owned by funds
managed by CapMan Oyj, a leading Nordic investment company.


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