Civinity Becomes Sole Shareholder of Valandinis, UAB After Full Acquisition
Civinity, AB, one of the largest building maintenance and engineering solutions groups in the Baltic States, has completed the acquisition of the remaining 49% stake in Valandinis, UAB, the company operating the construction specialists’ platform Valandinis, and has become its sole shareholder.
Civinity acquired a controlling stake in UAB Valandinis in January 2023 for approximately EUR 0.54 million. The remaining shares were acquired for EUR 0.72 million; the total consideration for the full buyout amounted to approximately EUR 1.26 million.
Catch more HRTech Insights: HRTech Interview with Stan Suchkov, CEO and Co-founder of AI-native corporate learning platform, Evolve
Valandinis, UAB operates a platform connecting construction specialists and construction companies, enabling organizations to plan human resources more flexibly and source additional capacity quickly for specific tasks or project stages. In 2024, Valandinis, UAB generated revenue of EUR 3.69 million, with a net profit of EUR 0.10 million.
The Civinity Group consists of the Company and almost 40 subsidiaries operating in Lithuania, Latvia, and the United Kingdom. The Group’s activities include residential, commercial, and public building maintenance services, engineering systems design, installation and maintenance solutions, territory maintenance services, and the development and maintenance of accounting, management, and information systems.
In 2024, Civinity Group revenue amounted to EUR 88.5 million, while adjusted EBITDA totalled EUR 7.4 million.