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Caverion: Caverion to provide Managed Services worth about EUR 35 million for SL in Stockholm, Sweden

Caverion Corporation Investor news 12 May 2016 at 10.00 a.m. EEST

Caverion to provide Managed Services worth about EUR 35 million for SL
in Stockholm, Sweden

Caverion has signed a new Managed Services agreement with SL,
Stockholm Public Transport. Caverion will be responsible for Managed
Operations including Technical Maintenance for all of Stockholm's 100
subway stations and for six train-depots. The value of the up to
9-year agreement, starting on February 1, 2017, is around EUR 35
million for the fixed part of the contract. Furthermore, Caverion
will deliver add-on services to the fixed contract.

"The agreement means that we get full service from one service
provider which supports the development of the subway properties.
Caverion has shown a great understanding for what needs to be done to
fulfill our requirements and to support our operations," says Jonas
Lagerlid, in charge of procuring the agreement at SL.

"This agreement covers a wider range of services compared to an
ordinary Managed Operations contract. Apart from the normal Technical
Maintenance and Managed Operations this agreement also includes the
overall responsibility for administration, health and safety
coordination, information management, system management, measures for
energy efficiency, quality control as well as planning the scheduled
maintenance activities. The client has entrusted us with a large
responsibility and I am confident that we will deliver high quality
solutions over the contract period," says Thomas Lundin, Executive
Vice President & CEO, Division Sweden of Caverion.

The agreement covers the disciplines Heating and Sanitation,
Ventilation & Air Conditioning, Cooling, Electricity, Information and
Communication Services and Security & Safety. The total floor area is
estimated at 700,000 m2.

SL is responsible for the public transport system in Stockholm. Each
day close to 800,000 people use the city's public transport. SL
belongs to Caverion's public sector client segment.


For additional information, please contact: Erika Björnesparr, Head of
Marketing and Communications, tel. +46-730509285,

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

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