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The merger of YIT’s subsidiaries continues 

 

YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. In the next stage of the merger on January 1, 2019, our subsidiaries YIT Infra Oy and YIT Talo Oy will be merged into YIT Construction Ltd, which will be renamed as YIT Finland Ltd immediately after the merger. YIT Finland Ltd will continue the current business operations of YIT Infra Oy and YIT Talo Oy under YIT Construction Ltd’s existing Business ID 1565583-5. In addition, YIT Information Services Oy will merge into YIT Corporation Ltd on January, 1, 2019.  

The name change and new operating model are aimed at clarifying our operations both nationally and regionally to better serve our customers.   

The planned merger will have no impact on the existing business operations of YIT Infra Oy and YIT Talo Oy. Customers are not required to take any action in response to these changes.  The assets, liabilities, rights and obligations of YIT Infra Oy and YIT Talo Oy will be transferred to YIT Finland Ltd under the principle of universal succession. All of our existing projects will continue as planned, and we will continue to be responsible for all of our contracts in accordance with the original commitments.   

For more information  

Juha Jauhiainen, SVP, Corporate General Council  
Hanna Malmivaara, SVP, Group Communications 

Frequent questions and answers

Which subsidiares will be merged?  
YIT Infra Oy and YIT Talo Oy will be merged into YIT Construction Ltd, which will be renamed as YIT Finland Ltd immediately after the merger. In addition, YIT Information Services will merge into YIT Corporation Ltd on January 1, 2019.  

When will YIT Finland Ltd start its operations?  
YIT Finland Ltd will continue YIT Construction Ltd’s business operations immediately on January 1, 2019. 

What will mergers require from customers?  
Customers are not required to take any action in response to these changes.  The assets, liabilities, rights and obligations of YIT Infra Oy and YIT Talo Oy will be transferred to YIT Finland Ltd under the principle of universal succession. We hope that our new operating model will be simplier and serve better our customers.  

What will change on January 1, 2019?  
YIT Talo’s, YIT Infra’s and YIT Construction’s name will change into YIT Finland Ltd. YIT Infra Oy and YIT Talo Oy under YIT Construction Ltd’s existing Business ID 1565583-5. Furthermore, invoicing details will change. More information on the new invoicing details will be provided closer to the end of the year.   

What will stay the same?  
Our locations and contact persons, their email addresses and phone numbers will stay the same.  

Will the mergers affect on the existing projects?  
No. All of our existing projects will continue as planned, and we will continue to be responsible for all of our contracts in accordance with the original commitments. 

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