industry construction services founded 1912 headquarters helsinki finland key people kari kauniskangas president and ceo henrik ehrnrooth chairman products construction of housing business premises and infrastructure revenue 1 801 million 2014 1 number of employees 5 881 2014 1 website www.yitgroup.com the cirrus apartment block finland s tallest high rise building constructed by yit between 2004 and 2007 . the extension to the eduskuntatalo of which yit was the lead contractor . the t htiniemi bridge in heinola of which yit was the lead contractor . 2 yit oyj yit yhtym prior to 13 march 2006 3 is a diversified finnish based company headquartered in helsinki which provides a range of services mainly to other businesses . yit s operations span three main business divisions building and industrial services provides maintenance and management services for residential property and physical plants ; while the construction services finland and international construction services units build housing large scale infrastructure and amenities . almost all of yit s business are conducted in the nordic countries the baltic countries russia and central europe . 4 contents 1 history 2 current activities 2.1 notable projects 3 ownership 4 critics 4.1 corruption in construction 5 other 6 references 7 external links history edit the origins of yit can be traced back to 1912 when sweden s general engineering company swedish allm nna ingeni rsbyr n established a subsidiary in finland initially to operate in the water supply sector . 5 the finnish translation of the group s title yleinen insin ritoimisto is the source of the name yit . the first project undertaken by the new company was the construction of a water tower in porvoo . 6 the firm s field of operation was gradually broadened over the following decades but it was not until the 1970s that the company moved beyond the civil engineering sector into construction of buildings including residential property and industrial works . 7 in september 1987 yleinen insin ritoimisto merged with rival finnish contractor perusyhtym oy creating yit yhtym yit corporation . 8 since the merger yit s growth into new sectors has been aided by several acquisitions in 1995 the piping design and maintenance specialist oy huber ab was acquired 9 10 the same year that the company s shares were listed on the helsinki stock exchange 8 and the swedish pipeline installation and maintenance firm calor ab and its finnish subsidiary were purchased in 2001 . 11 these additions assisted a wider move into the industrial upkeep and maintenance market . 7 primatel the network construction and maintenance arm of the telecommunications firm sonera was added in 2002 12 and a year later the building systems concerns of abb in russia and the nordic and baltic regions were acquired further increasing yit s presence in the service sector . in 2008 and 2010 yit has continued expanding its operations into central europe . 13 current activities edit yit s recent acquisitions have seen the company increase markedly in size both the company s revenue and workforce more than trebled in the ten years to 2007 14 15 making yit the largest construction company in finland 16 17 and the largest supplier of building systems services in the nordic region by sales . 18 this growth is also reflected in the scope of yit s business long term servicing and maintenance contracts for items such as steam boilers piping heating plumbing and electricity networks and water treatment plants now account for over a quarter of annual revenues . 19 the construction services division building homes water and waste treatment plants and infrastructure ranging from railway stations to golf courses remains the group s largest source of revenue as of the end of 2006 . 19 notable projects edit yit was the main contractor for the pekka helin designed annex to the finnish parliament building the pikkuparlamentti english little parliament which was inaugurated in 2004 . 20 it was also responsible for the construction of the cirrus apartment building in vuosaari east helsinki which was completed in 2007 . cirrus is currently the second tallest high rise building in finland . 21 22 other major projects built by the company include the helsinki fair centre and the t l opera house home of the finnish national opera . 9 ownership edit ehrnrooth family is the biggest owner of the construction company yit 12.1 % in the end of january 2012 . 23 henrik ehrnrooth is the chairman of the yit board of directors since 2009 . 24 critics edit in bani walid in libya yit constructed in silence a military factory in 1983 . company changed its name from perusyhtym to yit in 1987 . 25 26 27 40 residents made complaints of ammonia observed in yit residential constructions in st. petersburg in september 2011 . russians add ammonia to concrete in the winter construction . 28 corruption in construction edit see also corruption in finland yit was suspected of bribes for the public construction office of helsinki in may 2012 . six person were arrested in may 2012 by order of helsinki district court in the investigation of corruption in helsinki city building contracts . the advantage may have been a half a million euros from several years . the investigation is on going . 29 30 31 32 in july 2014 according to leading finnish newspaper helsingin sanomat yit is more connected than previously expected in the bribery investigation of helsinki construction during 2003 2011 . 33 yit is suspected of involvement in the salaries without taxes and grey accountings . 34 other edit yit demande 20 000 sanctions for silence from an eldelry couple in espoo in the conflict of construction in 2011 . 35 references edit a b c d 1 structurae . t htiniemi bridge . retrieved 2007 08 06 . yit group 2006 03 13 . resolutions passed at yit corporation s annual general meeting . retrieved 2007 08 01 . yit group . yit in brief . retrieved 2010 12 31 . katko tapio s. ; juuti petri s. ; pietila pekka e. 1999 . key long term strategic decisions in water and sanitation services management in finland 1860 2003 pdf . boreal environment research . 11 5 389 400 . issn 1239 6095 . retrieved 2007 08 07 . yit group . water treatment . retrieved 2007 08 01 . a b yit group . annual report 1998 pdf . archived from the original pdf on 2007 09 28 . retrieved 2007 08 07 . a b yit group . history of yit s share . retrieved 2007 08 07 . a b yit russia . parent company yit . retrieved 2007 08 07 . finland yit yhtyma oy acquired huber . mondaq . january 10 1996 . retrieved 2007 08 07 . finnish competition authority . yearbook 2002 merger control pdf . issn 1458 1701 . retrieved 2007 08 07 . united states securities and exchange commission form 6k submitted by sonera 2002 04 24 . sonera corporation sells the share capital of primatel ltd. to yit corporation . retrieved 2007 08 07 . hall william 2003 07 04 . abb sells half its building system unit to yit . financial times . retrieved 2007 08 07 . key figures . yit group . retrieved 2008 04 13 . yit group . annual report 1997 pdf . retrieved 2007 08 06 . brandt nadja 2007 07 26 . cap gemini clarins infineon lvmh european equity preview . bloomberg . retrieved 2007 08 03 . dranitsyna yekaterina 2006 10 17 . revenue growth attracts yit . the moscow times . retrieved 2007 08 03 . yit group 2002 02 04 . yit company presentation . retrieved 2007 08 06 . a b yit group . annual report 2006 . retrieved 2007 08 07 . parliament of finland . parliament annex little parliament . retrieved 2007 08 02 . finland s tallest block of flats to be built in vuosaari helsinki press release . yit group . 2003 06 17 . retrieved 2007 08 02 . emporis . cirrus helsinki . retrieved 2007 08 11 . antti herlin tankkasi yit t kauppalehti 21.02.2012 p yry investment data kouluksi naamioitu asetehdas suomalaiset rakensivat libyaan salaa valtavaa teollisuushallia helsingin sanomat 31.8.2011 b1 ompelukonetehdas autiomaassa suomalaiset rakensivat kaikessa hiljaisuudessa miljardin markan asetehtaan libyaan helsingin sanomat 28.8.1994 perusyhtym urakoi asetehdasta libyaan ilta sanomat 28.9.1983 helsingin sanomat 10.9.2011 poliittiset virkanimitykset ovat suomalaista korruptiota yle 13.1.2012 finnish helsingin rakennusvirastosta erityistilintarkastus permanent dead link hs 16.5.2012 a11 finnish 6 detained in helsinki construction bribery probe yle 21.5.2012 finnish lahjuksen rikoshy ty oli puoli mljoonaa helsingin poliisi esitt nee syytteit yli kymmenelle ep illylle hs 27.6.2012 a12 finnish ep ilty yit tiesi lahjonnasta helsingin sanomat 10.7.2014 yit ep illyst perusteettomasta laskutuksesta johto ei osallinen rikokseen yle 10.7.2014 yit pelotteli sakoilla el kel isparia hiljaiseksi l nsiv yl 7.12.2011 external links edit official website v t e omx helsinki 25 companies of finland cargotec elisa fortum kemira kesko kone konecranes metso neste nokia nokian tyres nordea orion corporation outokumpu outotec pohjola bank rautaruukki sampo sanoma stora enso talvivaara mining company teliasonera upm w rtsil yit retrieved from https en.wikipedia.org w index.php title yit & oldid 729651545 categories companies based in helsinkicompanies established in 1912companies listed on the helsinki stock exchangecompanies of finlandconstruction and civil engineering companies of finlandservice companies of finland1912 establishments in finlandmultinational companies headquartered in finlandhidden categories articles with finnish language external linksall articles with dead external linksarticles with dead external links from july 2016articles with permanently dead external linkspages using infobox company with unsupported parametersarticles containing swedish language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia 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