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YIT Oyj's Subsidiary Acquires Vesta


Wednesday, 30 Jan 2013 04:00am EST 

YIT Oyj announced that its Russian subsidiary YIT DON has acquired the facilities management and property maintenance company Vesta in Rostov-on-Don, southern Russia. The purchase agreement came into force in December 2012. Following the acquisition, the new name of the company is YIT Don Serviсe. The maintenance company has 10 employees. The number of personnel will increase in 2013 with new maintenance projects. YIT Don Service is responsible for the management and property maintenance of the Zapadnaya zvezda residential block constructed by YIT Don. YIT Don Service will manage and maintain all future residential projects constructed by YIT Group’s Russian subsidiary, YIT Don, in Rostov-on-Don. Financial terms of the transaction were not disclosed. 

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