STOCKHOLM – Swedish enterprise capital group Triton stated on Tuesday it had made a rival provide for Finnish building techniques supplier Caverion that valued the takeover goal at round 1.09 billion euros ($1.17 billion).
Triton’s provide of 8 euros per share exceeded a bid of seven euros introduced in November by North Holdings, a Bain Capital-led consortium that had valued Caverion at 955 million euros.
Triton stated in an announcement on Tuesday it was looking for the help of Caverion’s board for its takeover and hoped to finish the deal within the third or fourth quarter.
Caverion’s shares rose 17.2% at 0834 GMT to eight.12 euros.
($1 = 0.9314 euros)
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