The share purchase agreement is worth EUR 4.3 million, and the buyers received approval for the transaction from the Competition Council in June.
Admeo manages and maintains around 160 residential and commercial buildings in Vilnius, and employs 15 people. Its revenue rose to EUR 3.12 million in 2025; net profit stood at EUR 739,000.
„Now that the transaction has been completed, the rather down-to-earth work begins – gathering information on the status of each property, continuing with planned works and coordinating the teams’ activities. Residents will not need to take any action due to the change in shareholders. Existing contracts remain in force, and the Admeo brand will not change in the initial phase,“ says Deividas Jacka, Chairman of the Board of the Civinity Group.
The first changes will take place within the company
Civinity plans to retain the 15-strong Admeo team. The company will be gradually integrated into the group’s overall operational processes, and its staff will have access to a wider network of specialists in building maintenance, engineering and project management.
„Over more than a decade, Admeo has grown thanks to the team’s hard work and the trust of its clients. The people working here are familiar with the technical history of the buildings they manage and resolve clients’ issues daily. When selling the company, it was important to us that this expertise remained and that services continued without disruption. Civinity’s experience in the field of building maintenance and Sail Invest’s involvement gave us confidence that Admeo is being handed over responsibly and will have greater growth opportunities,“ says Laimutis Karvelis, former owner of Admeo.
Admeo, which has been operating since 2012, manages blocks of apartments and commercial buildings, organising their technical maintenance, servicing of heating and hot water systems, and repair and renovation works. The company uses a fault-registration and control system that tracks the resolution of reported issues.
160 buildings added to the Vilnius portfolio
With this acquisition, Civinity is expanding the scope of its building management and maintenance operations in Vilnius. The group believes that having a larger number of properties under management in a single city will allow for more flexible planning of staff deployment and enable the rapid mobilisation of the expertise required for specific situations.
„Clients should feel the benefits of a larger portfolio through our day-to-day service. In Vilnius, we will have more opportunities to allocate specialists flexibly and bring in the right people from the relevant fields more quickly. We will devote the first few months to ensuring service stability and harmonising internal processes,“ says Deividas Jacka.
The acquisition of Admeo is one of Civinity’s expansion deals for 2026. The group has announced plans to carry out around ten acquisitions over the course of the year, with planned investments totalling approximately EUR 44 million.
The Civinity Group’s audited revenue for 2025 reached EUR 100.4 million, with EBITDA of EUR 8.3 million. As at 30 June 2026, the group’s pro forma revenue base for the last 12 months stood at EUR 121.3 million – 31.4 per cent higher than a year earlier. The corresponding 12-month pro forma EBITDA stood at EUR 9.7 million, representing a 27.7 per cent increase. These figures include the full results of the acquired Croatian lift group Metus.
By acquiring Admeo, Civinity is strengthening one of its longest-standing areas of operation – the management and technical maintenance of apartment blocks in Vilnius.
About the Civinity Group
Civinity is one of the largest groups providing building maintenance, engineering and related digital services in Northern Europe and the Baltic region. The group operates in Lithuania, Latvia, the United Kingdom and Southern European markets, including Croatia and Slovenia. Civinity manages more than 5 million sqm of residential floor space, serves more than 1,600 commercial clients and has delivered more than 2,000 engineering projects.