Admeo has been providing building administration and maintenance services since 2012 and focuses on delivering qualified, high-quality services and strong customer care. The company places particular emphasis on preventing faults and emergencies, as well as on the efficiency and cost-effectiveness of heating energy use in residential buildings. It has implemented an advanced defect registration and monitoring system.
Admeo employs 15 staff who manage and administer around 140 apartment buildings and commercial properties in Vilnius. The company’s sales revenue in 2024 reached nearly EUR 2.7 million.
Deividas Jacka, Chairman of the Board of Civinity:
Susiję straipsniai
The housing maintenance and administration segment is strategically important to us, as it is essential for most city residents – no apartment building can function without property maintenance. We see Admeo as a professional team with whom we can further grow our portfolio of multi-apartment building maintenance.
As the transaction is being carried out through the acquisition of shares, Civinity will submit an application to the Competition Council after signing the agreement. The deal will be completed once the authority assesses the proposed concentration and issues a favourable decision.
The deal is part of a broader growth strategy
According to Jacka, this is the first transaction of the year, but up to ten transactions are planned for 2026:
Acquisition transactions are part of Civinity’s DNA – for more than two decades, we have grown both through acquisitions and organically. This deal is a step towards increasing market share and profitability in the housing maintenance segment. Other planned transactions this year will cover additional business segments including digital businesses, and will enable continued rapid growth both in residential property management and in new markets.
To finance acquisition deals, in 2025 the company group received approval from the Bank of Lithuania for a EUR 50 million bond prospectus, under which it successfully issued the first tranche last year – a EUR 10.35 million issuance.
The group’s new strategy sets a target of growing tenfold over the next five years. This goal marks a transition from providing only traditional services, such as residential property maintenance, to a mixed model in which the traditional business operates alongside faster-growing digital businesses.
Civinity has been issuing bonds, both publicly and privately, since 2017. The first public EUR 8 million bond issue was placed in 2021, with the bonds listed on the Nasdaq Vilnius-managed alternative market First North. The group’s bonds are currently listed on the Nasdaq Baltic regulated market.
Continuity: contracts with clients will remain in place, and the brand will not change immediately; employees will have more opportunities for growth
Following the completion of the transaction, Admeo will be integrated into the group’s operational processes, but the brand will not be changed immediately. It is intended to ensure service continuity, clarity for clients and a smooth transition to the group’s common standards.
It is planned that Admeo employees will continue working at the company, and organisational decisions will be made to retain expertise and ensure stability.
Within the Civinity Group, Admeo employees will have more opportunities to share their experience with other teams, grow professionally, benefit from clearer procedures and access a broader network of internal expertise.
Jacka:
Building management isn’t just about documents or invoices – it’s day-to-day management where discipline, speed and responsibility are paramount. That is why we need to retain our people and their experience. Within a large organisation, they will have more room for specialisation and training, deepening their expertise and career paths.
About Civinity
Civinity is a group of companies operating in the Baltic states and the United Kingdom, combining businesses that provide building maintenance services and develop engineering and technological solutions. The group consists of around 40 companies and employs more than 1,600 staff.
In 2024, Civinity’s revenue reached EUR 88.5 million, while pro forma EBITDA amounted to EUR 7.4 million.