YIT ACQUIRES DALA ELMONTAGE LINDKVIST & BODIN AB IN BORLÄNGE, SWEDEN

YIT ACQUIRES DALA ELMONTAGE LINDKVIST & BODIN AB IN BORLÄNGE, SWEDEN

YIT has acquired Dala Elmontage Lindkvist & Bodin AB with operations in Stockholm and Dalarna in Sweden. The company’s revenue is around EUR 5 million (SEK 45 million) and it has about 30 employees.

Dala Elmontage, which was formed in 1972, is a well-established company with operations consisting of installation of electric power, alarms, data, telecommunications, television, and automation and process control in environments such as hospitals, schools, nursing homes, industrial and hardware installation and commercial property premises.

- The acquisition of Dala Elmontage Lindkvist & Bodin AB strengthens our existing operations in Borlange, and is in line with our strategy to be established in expanding communities. We are proud to welcome our new employees YIT, says Jörgen Mattsson, CEO of YIT Sverige AB.

Dala Elmontage operations are primarily located in Dalarna but a successful concept for electrical installations in new construction of apartments involves operations also in Stockholm.
 

- We have gone through a generational change in the company and were facing several decisions concerning expansion and possible acquisitions by our own. In conjunction with these thoughts this option turned up with YIT. We see that this gives everyone great development opportunities, and we will strengthen our market position, says Niklas Bodin, owner of Dala Elmontage Lindkvist & Bodin AB.

The transfer takes place on April 1, 2012 and operations will be conducted as a subsidiary within the YIT Sverige AB.

For more information, please contact:
Inge Bodin, Owner, Dala Elmontage AB, phone +46 70-628 57 03
Niklas Bodin, Owner, Dala Elmontage AB, phone +46 70-628 63 78
Mattias Grop, Regional Manager, YIT Sverige AB, phone +46 243-669 97

YIT CORPORATION

Virva Salmivaara
Senior Vice President, Corporate Communications

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT’s revenue was approximately EUR 4.4 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

YIT is the Swedish leader in installation and service of building system services. The company offers a complete assortment in technical installations, operations and maintenance, and facilities management. Through functional installations for, among other things, electricity, heating, ventilation, cooling, sanitation, process media, security and protection, as well as datacom and telecom networks, the services contribute to profitability, security and better living environments. YIT operates with more than 4,700 employees at approximately 100 sites in Sweden.