Compass Lexecon Advised Caverion in Industrial Maintenance Service Sector Merger with Maintpartner

In November 2019, the Finnish Competition and Consumer Authority (“FCCA”) conditionally approved the acquisition by Caverion of Maintpartner, after a Phase II investigation and commitments by Caverion. Caverion and Maintpartner are both active in industrial maintenance services. Caverion acquired all the shares of Maintpartner, including subsidiaries in Finland, Poland and Estonia.

Compass Lexecon advised Caverion and assisted during the merger proceedings before the FCCA. We analyzed the Parties’ tender data to address market definition and to investigate potential competitive effects arising from the transaction.

The Compass Lexecon team included Pekka Sääskilahti, Otto Toivanen, Nadine Watson, Lotta Väänänen, Eeva Hietamäki, Mats Holmström and Kristian Teromaa.