Civinity to acquire a Southern European lift engineering business generating approximately EUR 19 million in annual revenue
Civinity Group is acquiring Metus, a Southern European lift engineering business with EUR 19 million in annual revenue, to expand its engineering profile and enter new markets. The acquisition is expected to be completed within the next few months and will be financed by privately placed bonds.
Civinity Group is acquiring Metus, a lift engineering business operating in Croatia and Slovenia, with revenue of EUR 19 million and 280 employees. The acquisition agreement has been signed, with completion expected within the next few months. Civinity will finance the deal through privately placed bonds worth EUR 893,000. The acquisition will strengthen Civinity's engineering profile and expand its presence beyond the Baltic States. Metus is owned by Sdiptech, a Swedish infrastructure technology group. The deal marks a new stage in Civinity's mergers and acquisitions, diversifying its business portfolio and increasing its scalability.
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