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 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.
Board of Directors and the Executive Management Team
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.
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.