Civinity Finalizes Valandinis Buyout, Forging an Integrated Future

VILNIUS, LITHUANIA – January 05, 2026 – Civinity, AB, a leading building maintenance and engineering group in the Baltic States, has completed its full acquisition of the construction workforce platform Valandinis, UAB. By purchasing the remaining 49% stake for EUR 0.72 million, Civinity has become the sole shareholder, bringing the total consideration for the full buyout to approximately EUR 1.26 million.

This move solidifies a process that began in January 2023, when Civinity first acquired a controlling 51% stake for EUR 0.54 million. The full takeover of Valandinis, a digital platform connecting construction specialists with companies, marks a pivotal moment for Civinity, transforming it from a client of workforce solutions to a proprietor. The acquisition is more than a financial transaction; it represents a strategic pivot towards a vertically integrated service model, poised to reshape the construction and building maintenance landscape in the Baltics and beyond.

A Strategic Leap Towards Vertical Integration

The full ownership of Valandinis is a calculated step by Civinity to gain greater control over its value chain. By bringing the workforce platform entirely in-house, the engineering and maintenance giant can directly manage a critical component of its service delivery: skilled labor. This vertical integration is expected to unlock significant operational efficiencies, reduce reliance on third-party staffing agencies, and streamline project execution from start to finish.

In an industry where project timelines and labor costs are paramount, direct control over a flexible pool of talent offers a formidable competitive advantage. It allows Civinity to respond with greater agility to fluctuating market demands and project scopes, scaling its workforce up or down as needed without the delays and markups associated with external contractors. This integration has already shown early signs of success; even before the full buyout, the partial ownership of Valandinis was credited with contributing to better control over workforce costs and a subsequent increase in the group's gross profit margin.

By internalizing this key process, Civinity can reduce transaction costs, minimize potential service interruptions, and ensure a consistent quality of labor across its nearly 40 subsidiaries operating in Lithuania, Latvia, and the United Kingdom. This strategic depth allows the company to offer a more seamless and reliable experience to its clients, who benefit from the efficiencies of a single, integrated provider for maintenance, engineering, and now, specialized labor.

Digitizing the Construction Workforce

At the heart of this acquisition is the Valandinis platform itself, a prime example of the sharing economy's incursion into traditional industries. Often described as an “Uber for construction workers,” the platform provides a digital marketplace where freelance professionals—from civil engineers to support staff—can connect with companies for specific tasks and projects. This model directly addresses long-standing challenges in the construction sector, including skilled labor shortages and the volatility of project-based work.

For construction companies, the platform offers unprecedented flexibility in human resource planning. For specialists, particularly younger professionals, it provides the autonomy to choose projects and manage their own schedules. Civinity's full embrace of this technology signals a broader shift in the Baltic construction labor market, accelerating the move away from rigid, long-term employment models towards more dynamic, on-demand staffing solutions.

The acquisition positions Civinity not just as a consumer of this innovation but as a key driver of it. By investing in and controlling the Valandinis platform, the group can further develop its capabilities, potentially expanding its reach and refining its features to better serve the evolving needs of the industry. This move validates the platform-based model as a viable and efficient solution for modern construction and places Civinity at the forefront of this digital transformation.

Financial Underpinnings and a Favorable Market

The acquisition is backed by strong financial performance from both entities. In 2024, Civinity Group reported revenues of EUR 88.5 million and an adjusted EBITDA of EUR 7.4 million, demonstrating stable growth. The group's consolidated gross profit reached EUR 17.7 million, a 13.2% increase from the previous year, highlighting its focus on operational efficiency. Valandinis, in the same year, generated EUR 3.69 million in revenue with a net profit of EUR 0.10 million, proving its commercial viability and value as an acquisition target.

This strategic investment is well-timed, coinciding with a positive outlook for the Baltic construction market. After a period of fluctuation, the sector is showing signs of robust activity. Latvia's construction industry is projected to grow, fueled by major infrastructure projects like Rail Baltica and investments in energy and housing. Meanwhile, Lithuania has seen strong growth in construction output and is expecting a significant increase in office space completion, signaling a recovery in commercial real estate development.

Civinity's own recent financial results underscore this momentum. The company reported a 9% increase in sales revenue and a 32% jump in gross profit in the first half of 2025, attributing the growth to efficiency gains, digitalization, and a recovery in the engineering segment. By securing full control of Valandinis, Civinity is capitalizing on these favorable market trends, equipping itself with the necessary tools to capture a larger share of the resurgent market.

Reshaping the Competitive Landscape

With the Valandinis platform fully integrated into its portfolio, Civinity has fundamentally altered its market position. The company now presents a holistic, end-to-end service ecosystem that few competitors can match. This integrated model, which combines building maintenance, engineering solutions, and digital workforce management, creates a powerful value proposition for clients seeking comprehensive and efficient project partners.

This move erects higher barriers to entry for competitors, whether they are traditional facility management firms or standalone staffing agencies. Civinity can now leverage synergies between its core business and its new workforce asset to offer more competitive pricing and superior service integration. The potential to replicate this successful model in the United Kingdom, another key market for the group, opens up further avenues for international growth and market leadership.

The full acquisition of Valandinis is more than just a line item on a balance sheet; it is a declaration of intent. It showcases Civinity's vision for a future where technology and strategic integration are the cornerstones of success in the built environment, positioning the group to not only navigate the challenges of the modern construction industry but to actively shape its evolution.