Governance

The Assemblin Caverion Group was founded on April 1, 2024, after a strategic combination of Assemblin and Caverion.

Key fundamentals

Well-structured operations, active and effective controls and a sound corporate culture ensure sustainable value creation with limited risk. In accordance with the requirements placed on Assemblin Caverion Group as a Swedish company with listed securities on TISE (CI).

The Parent Company of the combined Group is Assemblin Group AB (under name change to Assemblin Caverion Group AB), ID corp no 559427-2006, and is domiciled in Stockholm, Sweden. Since the Group has listed bonds on the International Stock Exchange (Channel Islands), corporate governance in the combined Group is based on Swedish law and practices as well as the TISE (CI) rules for issuers. In addition, the Assemblin Caverion Group has chosen to comply with the Swedish Corporate Governance Code and the principles of the UN Global Compact.

Ownership

Assemblin Caverion Group’s principal shareholders are Triton Fund IV CF and Triton Fund V, managed by Triton Investment Advisers LLP. Triton is an international investment company founded in 1997. The company’s objective is to enable the creation of better companies through long-term partnerships. Triton invests in medium-sized companies domiciled in Europe that are active in the industry, business services, and health sectors.

Triton’s funds have around 100 investors, which include organisations such as pension funds, state-owned capital funds, insurance companies and foundations. In assessing investments and taking decisions, Triton takes into account the environment, social responsibility and ownership governance, which is favourable to long-term value creation.

Since its founding, Triton has completed more than 60 investments and supported more than 260 acquisitions.

For more information, please visit www.triton-partners.com

Corporate governance reports

Since the Assemblin Caverion Group was established on April 1, 2024, the first consolidated corporate governance report will be published in 2025 for the financial year 2024. Both Assemblin and Caverion have provided governance reports for a long time, and these can be found at the respective companies websites:

Assemblin: https://www.assemblin.com/investors/corporate-governance/

Caverion: https://www.caverion.com/investors/corporate-governance/statements/

Board of Directors

The Board of Directors controls and supervises the operations of the company and approves the key operating principles, objectives and strategies. The duty of the Board is to promote the interests of shareholders and the Group by overseeing the administration and proper organisation of operations. The Board of Directors has established three committees: the Audit Committee, Remuneration Committee and Large Contract Committee.

Jacob Götzsche

Executive Chairman

Executive Chairman since April 2024. Member of the Audit Committee and Large Contract Committee. Born in 1967. Not independent in relation to the Company and its Management, independent in relation to major shareholders.

Mikael Aro

Board member

Board member since April 2024. Member of the Remuneration Committee. Born in 1965. Operating Partner at Triton. Independent in relation to the Company and its Management, not independent in relation to major shareholders.

Hans Petter Hjellestad

Board member

Board member since April 2024. Member of the Audit Committee and the Large Contract Committee, and Chairman of the Remuneration Committee. Born in 1991. Investment Professional at Triton Independent in relation to the Company and its Management, not independent in relation to major shareholders.

Mats Jönsson

Board member

Board member since April 2024. Chairman of the Audit Committee and Chairman of the Large Contract Committee. Born in 1957. Independent in relation to the Company and its Management, independent in relation to major shareholders.

Peder Prahl

Board member

Board member since April 2024. Born 1964. CEO and Managing Partner at Triton. Independent in relation to the Company and its management, not independent in relation to major shareholders.

Executive Management Team

This is the driving force behind Assemblin Caverion Group. Together, we are a trusted partner for our customers, and focus on skilled and empowered employees, local ownership, a strong leadership, as well as profitable growth.

Mats Johansson

Group President and CEO, Acting CEO Sweden

Jacob Götzsche

Executive Chairman

Fredrik Allthin

CEO Electrical Sweden, EVP

Andreas Aristiadis

CEO Heating & Sanitation Sweden, EVP

Åsvor Brynnel

Sustainability, HR and Communications, EVP

Philip Carlsson

CFO, EVP

Håkan Ekvall

CEO Ventilation Sweden, EVP

Elina Kaura

Legal & Compliance, Group General Counsel, EVP

Tero Kosunen

CEO Fidelix and solutions, EVP

Manfred Simmet

CEO Germany and Austria, EVP

Torkil Skancke Hansen

CEO Norway, EVP

Carsten Sørensen

CEO Denmark, EVP

Ville Tamminen

CEO Finland, EVP

Jaakko Wacklin

Operational and Commercial Performance, EVP

Articles of Association

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