Civinity’s EUR 2.44 million acquisition of Croatia’s Metus adds nearly 3,000 lifts to its portfolio
Executive summary: Civinity completed the acquisition of Croatian lift maintenance firms Metus and Metus Service from Sdiptech for EUR 2.44 million, adding nearly 3,000 lifts to its portfolio. The deal expands Civinity's footprint in the Balkan elevator maintenance market, boosts recurring revenue, and signals consolidation in the regional lift services sector.
Who is involved: Civinity (building maintenance and tech group), Sdiptech (Swedish seller), Metus and Metus Service (Croatian lift companies), and the Croatian lift market.
Likely next: Civinity may integrate the acquired businesses, seek cross‑selling opportunities, and consider further bolt‑on acquisitions in Central and Eastern Europe.
Civinity, a building maintenance, engineering and technology solutions group, has completed the purchase of Metus and Metus Service from Sweden’s Sdiptech for EUR 2.44 million. The transaction gives Civinity control of roughly 3,000 elevator maintenance units in Croatia. This deal expands the company’s presence in the Balkan lift services market and adds recurring revenue streams. It also reflects Sdiptech’s ongoing divestment of non‑core assets.
Timeline
- — Civinity completes acquisition of Metus, which maintains nearly 3,000 lifts in Croatia (GlobeNewswire)
- — „Civinity“ užbaigė beveik 3 tūkst. liftų Kroatijoje prižiūrinčios „Metus“ įsigijimą (GlobeNewswire)
Analysis — what this means
Sectors affected
- Elevator maintenance services
Key entities
Sources
- Civinity completes acquisition of Metus, which maintains nearly 3,000 lifts in Croatia — GlobeNewswire
- „Civinity“ užbaigė beveik 3 tūkst. liftų Kroatijoje prižiūrinčios „Metus“ įsigijimą — GlobeNewswire
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