Carve-out from Caverion Corporation
HELSINKI & STOCKHOLM (23 November 2018). MIMIR INVEST AB, a global investment firm acquiring mature and growing companies, today announces the acquisition of assets forming the Project Piping business, part of Caverion Corporation’s (HEL:CAV1V) division Industrial Solutions.
Headquartered in Helsinki (Finland), the business is the leading Nordic provider of infrastructure design, engineering, manufacturing and installation of pressure piping and pressure vessels for power plants, industrial facilities and other end markets. The business offers an end to end engineering solution with delivery capability across Europe, employing 324 people while offering significant manufacturing capacity. Project Piping has EUR 45 million of sales and will be joining the Mimir group of companies that has combined sales of EUR 270 million.