Assemblin Caverion Group is the leading northern European technical service and installation company. With a stable and sustainable foundation combined with clear priorities, the Group aims to continue to be the most attractive partner, employer, and investment in the industry.
Based on the different strengths embodied within Assemblin and Caverion, a shared strategic platform has been developed for Assemblin Caverion Group since the combination in April 2024. The basic principle has been to lay the foundation for effective, successful, and sustainable operations that capture the many opportunities available across the markets the Group operates in.
A stable foundation
At their core, the operations of Assemblin Caverion Group build on in-depth specialist expertise, as well as extensive experience of different types of buildings, infrastructure projects and industrial processes. Combined with a strong lifecycle perspective, digital maturity, and strategic expertise, this makes Assemblin Caverion Group an attractive and comprehensive technical service and installation partner. The Group’s growth strategy capitalises on a uniquely broad offering, enhanced through the strategic combination of Assemblin and Caverion, which is presented through various brands in different markets, subject to local delivery capacity.
Local, strong and sustainable operations
Assemblin Caverion Group operates locally, but all operations are anchored in a shared platform outlining basic requirements. The purpose is to harness the power inherent in decentralised operations, while controlling the Group’s risks and safeguarding certain minimum levels in key areas. The most basic tools in this work are a clear organisational and governance models, united by Group-wide values and governing documents, as well as common target areas, reporting procedures and follow-up.
Value drivers
To safeguard successful development, Assemblin Caverion Group has established key areas of operational focus – people, customers and operational excellence – alongside a growth strategy with a keen focus on profitability. The Group has also identified five key drivers of strategic value valid for all operations:
Accelerating the Service business
Further scaling the service side of the business is important to get closer to the customers, strengthening the value proposition and making the Group more resilient to market downturns.
Scaling-up technical areas and customer segments of rapid growth
The Group operates in multiple segments and disciplines and even though the largest disciplines are where the focus sits, the Group has additional growth opportunities in selected sub segments, which are important to invest in.
Improving unit-level performance
Part of the success comes from a continuous focus on ensuring all units are profitable and allowed to grow over time. Closing or turning around loss making units as well as lifting existing performers are important.
Lean operative expenses and selective culture in tendering
The market and business does not allow for high spending. Being lean, ensuring the Group operates with low overheads and continuously being selective in tendering is a key factor for success and stability in the long term.
Value adding acquisition strategy (M&A)
The Group builds strong, local businesses that grow organically with proven leaders. In addition, the Group continues to successfully grow through strategic acquisitions as well as local, smaller acquisitions that complement and strengthen the existing business.