About YIT Oyj

YIT Oyj constructs buildings and the required infrastructures. The company provides capital investments and maintenance services for real estate, construction, and industry sectors. Its main market areas are the Nordic countries, Baltic countries, Russia, and central Europe. Segments As of December 31, 2008, the company’s business segments included Building Systems; Construction Services Finland; International Construction Services; and Industrial Services. Building Systems The Building Systems Segment engages in servicing, repairs, renovation, and modernization works required in homes, servicing and maintenance of the building equipment systems of properties, as well as property management, refurbishing, modernization, and new HEPAC, electrical and automation systems, and individual contracted maintenance and servicing works. The company's customers include developers and construction companies; property investors and owners; property service companies and building managers; public institutions; and industry. Industrial Services The Industrial Services Segment involves in the maintenance of industrial plants, industrial processes, and road networks. It also has industrial investments in electrical, automation and ventilation systems, piping, and tanks. The company's customers include forest industry; energy industry; metal industry; process industry; food industry; and marine industry. Construction Services Finland The Construction Services Finland Segment offers residences, such as block of flats, single-family houses, and leisure solutions. It also involves in the maintenance of roads, streets and properties, small-scale construction carried out under service agreements, project development, construction investments, renovation and property development projects, as well as infrastructure construction and development projects. The company's customers include households; property investors and owners; business premises users; developers and construction companies; and public institutions. International Construction Services The International Construction Services Segment offers block of flats, single-family houses, and leisure solutions. It also involves in the maintenance of roads, streets, and properties. It also has construction investments, renovation, and property development projects. The company's customers include households, property investors and owners, and business premises users. Markets The company offers its services in Finland, Sweden, Norway, Denmark, Russia, Germany, Austria, Poland, the Czech Republic, Hungary, Romania, Lithuania, Estonia, and Latvia. Acquisitions In August 2008, the company acquired MCE AG’s building system service business in Germany, Austria, Poland, the Czech Republic, Hungary, and Romania. In June 2008, the company acquired Computec, which engages in building automation; and in July 2008, it acquired 85% share of the Czech company, Euro Stavokonsult s.r.o. Dispositions In 2008, the company sold the business operations in the areas of investor, lease management, and financial administration services for property management. History YIT Oyj was founded in 1912.