YIT to build Atlas Copco’s Finnish head office a

Helsinki, 2013-10-16 08:00 CEST (GLOBE NEWSWIRE) -- YIT Corporation                 Investor News                    October 16, 2013 at 9 a.m.

YIT to build Atlas Copco’s Finnish head office and maintenance facilities in Vantaa, Finland

YIT and Oy Atlas Copco Ab have signed an agreement on the construction of Atlas Copco’s Finnish head office and maintenance centre in Vantaa’s Hakkila district, in the immediate vicinity of Highway 4. The building will have a total floor area of some 4,000 m ² , and the project’s total value is approximately EUR 8 million. Construction will begin in October 2013 and the building will be completed in autumn 2014. LEED environmental certification will be sought for the building after its completion. The project client is Oy Atlas Copco Kiinteistö Ab.

According to Ilkka Eskola, General Manager of Oy Atlas Copco Ab, the construction of the new service centre is a significant project in many ways.

“An effective and modern service centre will facilitate the competitive selling and maintenance of our products. With an emphasis on energy efficiency and responsibility, the new building will also represent the ecologically sustainable values of our Group,” Eskola says.

“The service centre will be built as a turnkey project, with YIT assuming comprehensive responsibility for design, construction and building systems. This operating model allows us to provide the best possible service to the customer while taking advantage of our extensive expertise in implementing a challenging business premises project,” says Jukka Hanhilahti, Director at YIT.

For further information, please contact:

Jukka Hanhilahti, Director, Logistics Construction Services, YIT Construction Ltd, tel. +358 40 557 6514, jukka.hanhilahti@yit.fi

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for us a strong market position: We are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have more than 6,000 employees in seven countries. In 2012, our revenue amounted to approximately EUR 2 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com

Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. Atlas Copco has a global reach spanning more than 170 countries. In 2012, Atlas Copco had 39,800 employees, of which around 150 were based in Finland. Atlas Copco delivers sustainable solutions for increased customer productivity and has been included in the World’s Most Innovative Companies list multiple times, most recently this year. The Group’s head office is located in Stockholm, Sweden. Atlas Copco celebrates its 140th anniversary this year. www.atlascopco.fi