Nordic Business Report-January 16, 2007-YIT Corporation takes over Vattenfall Verkko Oys electricity network maintenance and construction works (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Finnish construction, engineering and services group YIT Corporation said on Tuesday (16 January) that its subsidiary YIT Industrial and Network Services Ltd has made a partnership agreement with Vattenfall Verkko Oy, a network service company that distributes electricity. Under the agreement the electricity network maintenance, fault repair and construction works that have until now been handled by Vattenfall will be handed over to YIT as of 22 January 2007. About 100 Vattenfall Verkko network electricians and their supervisors will become employees of YIT. No financial details were disclosed. Vattenfall Verkko is responsible for the operation supervision and fault repairs of the electricity network of its 375,000 customers on a 24/7 basis. YIT is headquartered in Helsinki, Finland. The group has 22,200 employees in eight countries. YIT is listed on the Nordic Exchange in Helsinki. ((Comments on this story may be sent to [email protected]))