Deividas Jacka, Chairman of the Board and founder of Civinity:
In the construction sector, the paradox is simple: the volume of work is increasing, yet the flow of orders remains uneven – at times, companies face a critical shortage of staff, while at other times some teams are underutilised. By becoming the sole shareholder of Valandinis, we can make decisions more quickly and invest where we see the greatest impact for the market – in flexible, transparent and predictable human resource planning. The natural next step is expansion abroad: we will first explore opportunities in markets where the group already has a strong foothold.
Valandinis is a digital platform that connects construction companies with freelance construction specialists. It helps companies quickly bring in additional assistance for specific stages of work or projects, while allowing artisans to choose projects, workloads and schedules that suit them. Such solutions are particularly relevant when the market simultaneously experiences large-scale projects and temporary slowdowns, forcing companies to seek a more efficient staffing model.
Evaldas Pankevičius, CEO of Valandinis:
Today in construction, those who can pivot quickly come out on top. Companies don’t need people ‘on average over the year’, but specifically here and now – this week, for this stage, on this site. At the same time, we are increasingly seeing another need: companies want to make clever use of their available workforce when the workload temporarily drops on their projects.
He emphasises that the Valandinis model can not only provide workers for short-term contracts or specific tasks, but also – conversely – accept workers from projects where there is a temporary lack of employment and their working hours are being used inefficiently.
According to Pankevičius, in the near future the platform’s development will focus heavily on team collaboration so that companies can form the necessary teams even faster. At the same time, specialists have more options to work not only individually but also with already established teams.
Pankevičius concludes:
The market clearly shows that the team model is becoming increasingly in demand – companies need not just one person, but a complete team. We are developing solutions to make it easier to integrate both individual specialists and existing teams. Our goal is for the platform to help companies manage peaks and troughs, so that downtime is reduced and work schedules become more predictable.
Civinity acquired the controlling stake in Valandinis Ltd for approximately EUR 0.54 million in January 2023. The remaining shares were purchased for EUR 0.72 million, bringing the total acquisition cost to around EUR 1.26 million.
The Civinity group consists of nearly 40 companies operating in Lithuania, Latvia and the United Kingdom, providing building maintenance, engineering systems design, installation and maintenance, environmental services, and related management services. In 2024, the Civinity group’s revenue reached EUR 88.5 million, with an adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) of EUR 7.4 million.