Civinity has completed the acquisition of the construction workforce platform Valandinis

Group 1 - Civinity, AB has completed the acquisition of the remaining 49% stake in Valandinis, UAB, becoming its sole shareholder, with a total buyout consideration of approximately EUR 1.26 million [1] - Civinity initially acquired a controlling stake in Valandinis in January 2023 for about EUR 0.54 million and subsequently acquired the remaining shares for EUR 0.72 million [1] - Valandinis, UAB generated revenue of EUR 3.69 million and a net profit of EUR 0.10 million in 2024 [2] Group 2 - The Civinity Group consists of the Company and nearly 40 subsidiaries operating in Lithuania, Latvia, and the United Kingdom, providing various building maintenance and engineering services [3] - In 2024, Civinity Group reported revenue of EUR 88.5 million and an adjusted EBITDA of EUR 7.4 million [3]