OSLO: Caverion Corporation has signed an agreement with Eneas Holding AS on the purchase of the Norwegian company Esco Norway AS. Esco Norway is an energy services provider with expertise in EPC contracts (Energy Performance Contracting), BMS (Building Management System), EMS (Energy Management Systems), energy advisory services, and engineering.
In 2014, the company’s revenue was EUR 4.8 million. The company employs 17 people. Esco Norway AS was established at the end of 2014 through a carve-out of the Norwegian energy savings business of Eneas Holding AS.
Our vision is to be a leading European provider of advanced and sustainable life cycle solutions for buildings and industries. The acquisition of Esco Norway is part of Caverion’s strategy to pursue growth through balancing the business mix by increasing the share of service and maintenance and moving towards more comprehensive life cycle services.
The acquisition strengthens Caverion’s offering in energy efficiency services and lifecycle solutions,” says Knut Gaaserud, Executive Vice President & CEO, Division Norway. Caverion is currently the largest player in the building solutions market in Norway and its revenue in Norway amounted to EUR 458.3 million in 2014.
