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2016-06-08

Caverion: Caverion extends its partnership with Kemijoki Oy in Finland on technical maintenance and operations of hydropower plants

Caverion Corporation Investor news June 8, 2016 at 10.00 am EEST

Caverion extends its partnership with Kemijoki Oy in Finland on
technical maintenance and operations of hydropower plants

Caverion and Kemijoki Oy have signed an extended contract on
outsourcing the technical maintenance and operations of hydropower
plants at the Kemijoki watercourse area. The value of the contract is
not disclosed.

In the hydropower production, Kemijoki Oy operates as a commissioner
and expert organisation, where a significant part of operations is
sourced to service providers. Caverion's hydropower business unit in
Northern Finland has approximately 110 employees.

"Kemijoki Oy's outsourcing-based partnership model has proved
efficient and it flexibly meets the needs of an energy company of the
future. In cooperation with Caverion we have achieved our goals and
can have a clear view of the future. Partnership built together,
skilled personnel and good cooperation are success factors for both
companies. We will continue to optimise usability and regulating
capability and to preplan the work processes in order to produce more
responsible, safe and reliable hydropower," says Tuomas Timonen, the
President and CEO of Kemijoki Oy.

[image]"It is great that we can now deepen our partnership with
Kemijoki. Our goal is to further develop the usability practices and
processes that enable constant efficiency and uninterrupted
operations, In addition, we focus on work, equipment and
environmental safety, in line with the corporate responsibility
program of Kemijoki Oy," says Juhani Pitkäkoski, Executive Vice
President & CEO, Division Industrial Solutions of Caverion.

Kemijoki Oy is the most significant producer of hydropower and
regulating power in Finland. The company owns 20 hydropower plants,
16 of which are located at the Kemijoki watercourse area, two at
River Lieksanjoki and two at River Kymijoki. In addition, Kemijoki Oy
regulates the reservoirs in Lokka and Porttipahta as well as Lake
Kemijärvi and Lake Olkkajärvi.

Kemijoki Oy belongs to Caverion's industrial client segment.

Caverion Industrial Solutions is one of the leading service providers
for industry in Finland. Caverion has a long experience in different
fields of industry as well as in outsourcings of operations and
maintenance.

For further information, please contact: Ingrid Peura, Communications
Manager, Caverion Industrial Solutions, tel. +358 050 571 5553,
ingrid.peura@caverion.com

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.
www.caverion.com (http://www.caverion.fi/), @CaverionGroup

Join our story: www.caverion.fi/Csaga #Csaga
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http://news.cision.com/caverion/r/caverion-extends-its-partnership-with-...
http://mb.cision.com/Main/14078/2024975/525987.pdf

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