A.C.B.

What A.C.B. does

A.C.B. (legal name Akciju sabiedrība "A.C.B.", trading as A.C.B. grupa / A.C.B. Group) is one of Latvia's leading infrastructure construction groups, founded in 1993 and headquartered in Riga with operational hubs in Smiltene and Rēzekne. The group operates as a vertically integrated platform combining three lines of business: construction (full-cycle road, bridge, railway, airport, and industrial/urban infrastructure delivery), production (asphalt concrete from plants with 25+ years of operating history, concrete paving stones and structural elements from subsidiary SIA Salenieku Bloks, and washed sand, gravel, and crushed stone from the Salenieki quarry), and services (engineering communications construction plus equipment rental with operators). Project delivery is executed through wholly owned subsidiaries AS A.C.B., SIA ACBR (road and bridge construction), SIA 8 CBR (construction services), and SIA Salenieku Bloks (concrete products).

The business model is Business-to-Government, with essentially all revenue earned through competitive public procurement. The group bids on and wins multi-year contracts from VSIA Latvijas Valsts ceļi (state roads), Latvian municipalities, and increasingly international public clients such as AB LTG Infra (Rail Baltica in Lithuania). Pricing is contract-by-contract, set by the procurement process; recent flagship wins include the €35.1M South Bridge 4th phase in Riga, a €22.2M mobility-points program across six Riga railway stations, and a €14.9M industrial park project in Valmiera. 2024 consolidated revenue was €92 million (€77.3M construction services + €14.7M materials and ancillary), with the group also producing material savings by reducing losses from €4.7M in 2023 to €0.157M in 2024. Headcount stands at 340–359 professionals across construction, production, and services.

Geographic footprint is concentrated in the Baltic region: Latvia is the core market, with Lithuania as a newer cross-border frontier via Rail Baltica contracts. Distribution is direct — the group secures projects through its own bidding and execution capability rather than through intermediaries — and it has built a long-running awards track record (Latvijas Būvniecības Gada balva 2024 and 2025 placements, plus recognition awards from the Building Design and Construction Council) that reinforces its standing with public-sector buyers. Customer concentration is essentially total in the public sector, which provides payment reliability and EU-funded project visibility but caps diversification.

Name

A.C.B.

Legal name

Akciju sabiedrība "A.C.B."

Website

https://acb.lv

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

A.C.B. is a vertically integrated Latvian infrastructure construction group delivering roads, bridges, railways, airports, and industrial parks for public-sector clients, with in-house asphalt, concrete, and quarry production. It generates revenue through competitive public procurement contracts across the Baltic region.

Ownership category

akta.pro rank

Headquarters

HQ city

Smiltene

HQ country

Latvia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Construction Services: Core revenue from road, bridge, railway, airport and infrastructure construction services. In 2024, construction services generated 77.3 million euros of the 92 million euro consolidated revenue.
2. Building Materials Production: Revenue from manufacturing of construction materials including asphalt concrete, concrete products, and quarry materials. Generated 14.7 million euros in additional revenue in 2024.
3. Equipment Rental and Service: Professional equipment rental with operators and technical mobilization to construction sites.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

A.C.B. grupa is a Latvian infrastructure construction company group that delivers full-cycle infrastructure projects in Latvia and the Baltic region, combining construction, materials production, and services. The group builds roads, bridges, railways, airports, and industrial infrastructure, and produces asphalt concrete, concrete products, and quarry materials through its subsidiaries. It also provides equipment rental with operators and infrastructure maintenance services.

Differentiator

Problem solved

Functional benefit

Products and services

• Road and Highway Construction Full-cycle construction of state and regional highways, including the Vidzeme highway (A2) section from Garkalne to Sēnītes ceļu mezgls and other major road projects. Delivered to government road authorities through competitive public procurement.
• Bridge Construction and Reconstruction Construction and reconstruction of road and pedestrian bridges, delivered to municipalities and state road authorities. Includes complex structural works and integration with surrounding road infrastructure.
• Railway Infrastructure Construction Construction of railway-related infrastructure including local access roads and drainage systems for the Rail Baltica project, delivered to AB LTG Infra in Lithuania.
• Industrial and Urban Infrastructure Construction Construction of industrial parks and urban infrastructure including mobility points at railway stations (six stations in Riga, project value €22.2M) and industrial site development for municipal customers.
• Concrete Products Manufacturing Production and supply of concrete paving stones, surface plates, curbs, channels, manhole elements, foundation blocks, transport concrete, and mortar by SIA Salenieku Bloks. Serving construction companies and infrastructure projects in Latvia.
• Asphalt Concrete Production Manufacturing of hot and cold asphalt concrete and road emulsion through multiple modern factories across Latvia. Supplies internal road construction projects and external construction industry buyers.
• Quarry Materials Production Production and supply of washed sand, gravel, crushed and sieved sand, various fractions of crushed stone and gravel mixtures, and sieved topsoil from the Salenieki quarry in the Jaunjelgava region.
• Equipment Rental and Servicing Professional construction equipment rental with operators and technical mobilization to construction sites across Latvia. Covers autograders, bulldozers, wheel loaders, soil rollers, tracked and wheel excavators.
• Engineering Communications Construction Construction of engineering communications including drainage systems, utilities, and supporting infrastructure for roads, rail, and urban projects.

Quantifiable outcome

• 92 million euros consolidated revenue in 2024
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• AB LTG InfracoreStrategic or Co-development Partner · 6 March 2023A.C.B. signed an 8.59 million euro contract with AB LTG Infra (Rail Baltica national project implementer in Lithuania) for Rail Baltica construction works. The contract covers local access roads construction (Žeimiai-Šėta section, Jonava district) and drainage system reconstruction as part of the Rail Baltica railway line Kaunas-Ramygala.
• Valmieras novada pašvaldībacoreStrategic or Co-development PartnerPartnership for Valmieras Industriālais parks construction project. Customer for the 14.9 million euro industrial park infrastructure development project.
• Rīgas valstspilsētas pašvaldībacoreStrategic or Co-development PartnerPartnership for mobility point construction at six railway stations in Riga (Bolderāja, Dauderi, Sarkandaugava, Šķirotava, Zemitāni, Ziemeļblāzma). Project value 22.2 million euros.
• Smiltenes tehnikumsminorStrategic or Co-development PartnerEstablished cooperation with Smiltene Technical School for workforce development and internship opportunities. Company management noted that attracting and retaining qualified specialists remains a challenge.
• Building Design and Construction Council (BDCC)minorStrategic or Co-development PartnerAnnual participation in BDCC organized awards competitions including 'Latvijas Būvniecības Gada balva' and 'Women in Architecture, Construction and Design' forum.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Skanska: Large Swedish-headquartered construction and infrastructure developer with growing Baltic exposure. Operates at much larger scale but competes for the same EU-funded infrastructure opportunities.
• YIT: Finnish construction and infrastructure company with Nordic-Baltic operations. Comparable for road and infrastructure projects in the wider Nordic region, including potential overlap in the Baltics.
• Strabag: Austrian-headquartered European construction group with significant presence in CEE and the Baltics. Comparable for large-scale transportation infrastructure projects that A.C.B. also targets.
• NRC Group: Nordic infrastructure contractor specialized in rail, road, and energy projects (formed via merger with Lemminkäinen). Comparable as a regional peer competing for cross-border Baltic rail and infrastructure work.
• Colas: Bouygues subsidiary specialized in road construction and materials production across Europe. Comparable to A.C.B.'s integrated road construction plus asphalt/aggregate production activities.

Direct peers

• Binders: Latvian road and infrastructure construction contractor. A.C.B. and Binders have jointly delivered large road projects (e.g., the Vidzeme highway A2 consortium), making Binders a directly comparable peer for Latvian heavy infrastructure work.
• Trev-2 Grupp: Estonian infrastructure and construction company focused on roads, bridges and civil works. Comparable to A.C.B. for road/bridge construction and quarry-adjacent materials operations in the Baltic market.
• Kauno tiltai: Lithuanian bridge and infrastructure construction group. Highly comparable to A.C.B.'s SIA ACBR bridge activities and provides a like-for-like benchmark for A.C.B.'s Rail Baltica and cross-border work in Lithuania.
• Merko Ehitus: Estonian-listed construction group active across buildings, infrastructure and real estate development in the Baltics. Comparable as a Baltic-region peer with similar government-customer mix and infrastructure project exposure.
• Panevėžio keliai: Lithuanian road construction and asphalt production company. Highly comparable to A.C.B.'s combined road construction and asphalt concrete production business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/acblv

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about A.C.B.