Building and industrial services group Caverion has bought Finnish AV company Sähkötaso Esitystekniikka for an undisclosed amount.
Sähkötaso Esitystekniikka is one of the leading providers of AV solutions in Finland. The company was founded in 2005 and has 28 employees in three cities (Helsinki, Tampere and Jyväskylä).
The revenue of Sähkötaso Esitystekniikka amounted to EUR 12.5 million for the financial period ending March 31, 2016.
"This acquisition significantly improves Caverion's position in the Finnish audiovisual technology market. In order to succeed in the digitalising world, we must master a growing range of different technologies. AV solutions are and will be an important part of our Total Technical Solutions, for example, in schools and office buildings. After this transaction, we will be able to serve our clients with top expertise and technology in the audiovisual field, both in Finland and in our other operating countries," says Jarno Hacklin, Executive Vice President & CEO, Division Finland of Caverion.
"I am satisfied with the acquisition as it will allow us to grow as part of an international group in the field of building systems. AV technology is being integrated into building systems, and, after this transaction, we will be able to participate in large-scale projects already at their design phase and offer our services through Caverions national network of branches," says Esa Ranta-aho, CEO of Sähkötaso Esitystekniikka Oy.