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Civinity acquires Metus for EUR 2.44 million

PRIVATEJul 27, 202613 days ago

Acquiring Company

Civinity

Acquired Company

Metus

VilniusCroatiaConstructionBuilding MaintenanceManufacturing

Description

Civinity has completed the acquisition of Metus, a prominent Croatian lift company, for EUR 2.44 million. This deal gives Civinity full ownership of Metus and its operations in Croatia. With an established technician network and a strong service portfolio, Civinity aims to enhance its lift maintenance services in the region. The acquisition is expected to drive growth and expand Civinity's customer base.

Company Information

Company

Civinity

Location

Vilnius, Vilnius County, Lithuania

About

Civinity is a building maintenance, engineering, and technology solutions group. The company specializes in various aspects of building maintenance, offering services that include lift maintenance and installation. Civinity aims to expand its operations and enhance service delivery across different regions. With a focus on innovative solutions, Civinity serves a diverse clientele in the property market.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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