The building services group Civinity, operating in Northern Europe and the Baltic States, is entering Southern Europe. The group is acquiring the Croatia-based company Metus, specializing in the manufacturing, installation, and maintenance of elevators, from the Swedish infrastructure technology company Sdiptech.
Last year, Metus had a turnover of about 19 million euros, employing approximately 280 people. An agreement for the acquisition has been signed at the first stage, and the completion of the deal is expected in the coming months. The final price will be confirmed before closing.
The purchase of Metus is the first step of this scale outside the Baltics and Northern Europe. According to audited results for 2025, Civinity's revenue amounted to 100.4 million euros, with EBITDA of 8.3 million euros. The group employs 1,565 staff, manages over 5 million square meters of residential space, serves more than 1,600 commercial clients, and has implemented over 2,000 engineering projects.
"So far, many of our deals have strengthened positions in already established markets. This deal is different. We are entering Croatia not only to acquire a strong engineering company but also to create a platform for further growth in the region. Metus has the competencies, team, client base, and experience working in several European markets — this is a solid foundation for the next stage of Civinity's development," noted the Chairman of the Board of Civinity Group, Deividas Jacks.
He emphasized that the choice of elevator engineering is not accidental. This is a field where success depends not only on the installation of equipment but also on design, technical expertise, compliance with safety standards, certification, long-term maintenance, and the ability to work with complex building infrastructure.
"Our goal is not just to scale the business. We see Croatia as a long-term platform for developing other areas of the group: facility services, residential segment, engineering and mobile solutions, as well as digital services. Wherever we operate, we strive to enhance the quality of services, efficiency, and the range of solutions available to clients," Jacks noted.
According to him, Civinity's experience in the Baltics and Northern Europe can be beneficial for the Croatian market, where the building services and urban infrastructure sectors are also moving towards consolidation, professionalization, and digitalization.
"In many European countries, we observe a similar trend: clients need not a set of disparate contractors but a partner capable of providing a full cycle of services — from technical solutions to daily maintenance and digital customer experience. This is our strong point," he added.
The acquisition of Metus is also significant because the company already operates in several markets — in Croatia, Slovenia, and Germany. This gives Civinity not just a local player but a team with international experience.
The deal is also significant from the seller's perspective. Sdiptech is a public Swedish infrastructure technology group whose shares are traded on Nasdaq Stockholm. The company specializes in niche technological solutions that contribute to the development of sustainable and safe infrastructure.
"When acquiring a business from a public international group, one capital is not enough. Trust in the buyer, quality of management, integration capability, and a clear vision for development are important. This deal confirms our readiness to operate in the broader European M&A market," emphasized Jacks.
Civinity's growth is supported by a stable revenue base: more than 80% of revenue in the residential and commercial segments is recurring, and the cash flow conversion rate reached 91% in 2025. This creates a foundation for further investments and acquisitions.
In recent years, Civinity has actively developed not only traditional services but also new directions. The group owns the mobile and payment service Mobilly, is developing electric vehicle charging solutions, and in 2025 became the sole owner of the Valandinis platform.
