City Service

What City Service does

City Service SE is a leading property and facility management group operating across the Baltic region, domiciled in Estonia as a Societas Europaea and headquartered in Vilnius, Lithuania. The group provides apartment building management, commercial facility management, commercial cleaning, and end-to-end property management services aimed at preserving and enhancing property value through operational efficiency and sustainable practices. Services are delivered directly to property owners under recurring contractual agreements, generating subscription-style revenue, and are channeled through a portfolio of wholly-owned subsidiaries including Mano Bustas (Lithuania), CS Engineering, Manas Majas (Latvia), City Service Cleaning, and Monto, each operating under a retained local brand.

The group's underlying operating model is labor-intensive service delivery — building maintenance, cleaning, and engineering — coordinated across multiple regional sub-brands, with a stated emphasis on long-term durability of properties and sustainable practices. The core technology is the integrated multi-subsidiary platform itself rather than a software product: there is no proprietary technology stack, AI capability, or app described in the source data. Customers are split between residential apartment-building owners (long-tail) and commercial property operators; the announced acquisition of UAB Axioma Servisas (closing expected Q3 2026) is intended to add higher-value mission-critical engineering services for blue-chip clients and enable cross-selling.

City Service's business model is rooted in recurring contractual property and facility management fees, with go-to-market executed via direct sales and field-based enterprise engagement. The company is publicly listed on the Warsaw Stock Exchange (ISIN EE3100126368) with 31,610,000 shares at EUR 0.30 par value (EUR 9,483,000 share capital) and in July 2026 placed EUR 100,000,000 of senior secured callable floating rate bonds (under a EUR 200,000,000 framework) at 3M EURIBOR + 7.00% to finance the Axioma acquisition, refinance existing debt, and support general corporate purposes. Leadership consists of a two-member Management Board (Arturas Gudelis as Chairman; Vytautas Turonis as Member since January 2024), with Giedrius Jakubauskas as CFO.

Name

City Service

Legal name

City Service SE

Website

https://cityservice.eu

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

City Service SE is a Baltic property and facility management group (listed on the Warsaw Stock Exchange) delivering apartment building management, commercial facility management, cleaning, and engineering services to residential and commercial property owners in Lithuania and Latvia through a network of wholly-owned subsidiaries.

Ownership category

akta.pro rank

Product category

Facility Management Services

NAICS

Services to Buildings and Dwellings (5617), Other Services to Buildings and Dwellings (561790), Other Services to Buildings and Dwellings (56179)

SIC

Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340), Services-Management Services (8741)

akta.pro primary industry

Grounds & Exterior Services (Landscaping/Snow Removal/Parking Lot Maintenance) (IMAIAAAF)

Keywords

• Facility management services
• Property management
• Commercial cleaning services
• Building maintenance services
• Engineering services

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Others

Revenue model

1. Property Management Services: Revenue generated from managing residential apartment buildings and commercial facilities, including building maintenance, cleaning services, and property management. Services are provided under contractual agreements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

City Service SE provides property and facility management services for residential apartment buildings and commercial facilities across the Baltic region. Core services include apartment building management, commercial facility management, commercial cleaning, and property management, delivered under contractual agreements via multiple subsidiary brands and aimed at enhancing property value through operational efficiency and sustainable maintenance practices.

Product overview

City Service SE operates as a leading property and facility management group in the Baltic region, offering a comprehensive portfolio of services through a unified platform approach. The core service offering comprises apartment building management, commercial facility management, commercial cleaning services, and property management, all designed to preserve and enhance property value through operational efficiency and sustainable practices. The group operates multiple subsidiary brands including Mano Bustas, CS Engineering, Manas Majas, City Service Cleaning, and Monto, each serving specific market segments within Lithuania and Latvia. The company is expanding into higher-value engineering services through the planned acquisition of UAB Axioma Servisas, which will add mission-critical technical engineering capabilities and blue-chip client relationships to the portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Mano Bustas: Apartment building management services
• CS Engineering
• Manas Majas
• City Service Cleaning
• Monto

Products and services

• Apartment Building Management Comprehensive management and maintenance services for residential apartment buildings in the Baltic region, focused on operational efficiency improvements and long-term durability maintenance for property owners.
• Commercial Facility Management Professional management and maintenance services for commercial properties and business facilities in the Baltic region, including building maintenance and property management for commercial clients.
• Commercial Cleaning Services Professional cleaning services for commercial properties, delivered through the City Service Cleaning subsidiary in Lithuania.
• Property Management End-to-end property management services focused on enhancing property value through operational efficiency improvements and sustainable practices, offered across the Baltic region via subsidiary brands.
• Engineering Services (Axioma) Mission-critical technical engineering services for blue-chip clients in the Baltic region, with strong margins and a repeating service base, being added to the group via the Axioma Servisas acquisition.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered supporting and core.

• CobaltsupportingOthers · 2 July 2026Legal advisor to City Service SE for the bond issuance transaction.
• Wikborg Rein Advokatfirma ASsupportingOthers · 2 July 2026Legal advisor to Pareto Securities AS for the bond issuance transaction.
• UAB Axioma ServisascoreStrategic or Co-development Partner · 2 June 2026City Service SE agreed to acquire 100% of Axioma Servisas shares. Axioma is a leading Baltic provider of engineering services for blue-chip clients, offering mission-critical services with strong margins and repeating service base. Expected to add higher-value technical engineering capabilities.
• Mano bustascoreStrategic or Co-development PartnerSubsidiary company providing property management services in Lithuania.
• CS-engineeringcoreStrategic or Co-development PartnerSubsidiary company providing engineering services.
• Manas majascoreStrategic or Co-development PartnerSubsidiary company providing property management services in Latvia.
• City Service CleaningcoreStrategic or Co-development PartnerSubsidiary company providing commercial cleaning services in Lithuania.
• MontosupportingStrategic or Co-development PartnerSubsidiary/affiliated company providing services.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ISS A/S: Global facility services company headquartered in Denmark, providing integrated FM, cleaning, property management, and support services to commercial and residential clients. Directly comparable to City Service in service mix and contractual delivery model, though operating at much larger scale.
• Caverion Corporation: Finnish provider of building solutions and facility services, including technical/engineering maintenance and energy-efficiency services. Comparable to City Service's planned post-Axioma mix of property management plus higher-value engineering services.
• Coor Service Management: Nordic-based integrated facility management provider offering cleaning, property services, and workplace solutions. Closely comparable to City Service in business model (multi-service FM contracts) and Nordic-Baltic geography.
• Lassila & Tikanoja (L&T): Finnish multi-service environmental and facility services company providing property maintenance, cleaning, and recycling services. Comparable business model and customer base to City Service, with overlap in commercial/industrial contracts.

Broad incumbents

• Sodexo S.A. Global food and facility management services company. Operates broadly in FM but overlaps with City Service in commercial facility management and cleaning services for corporate and institutional clients.
• Bilfinger SE: European industrial services and facility management group serving process industry, power, and real estate clients. Broader and more industrial-leaning than City Service but operates in adjacent FM/building services space with similar engineering capabilities.

Regional players

• Merko Ehitus: Estonian construction and real estate group with property development and building services exposure. Regional Baltic peer comparable to City Service's geographic focus and involvement in residential building lifecycle services.
• YIT Corporation: Finnish construction and real estate developer with growing property and building services operations. Comparable Nordic-Baltic regional presence and adjacency to property maintenance and renovation services.
• Hepsor AS: Estonian real estate developer with residential and commercial property portfolio. Comparable to City Service's residential apartment building management operations in the Baltic market.

Others

• Atrium Ljungberg / Castellum (Nordic property owners): Nordic commercial property owners/developers that procure large-scale facility and property management services. They represent the customer-side adjacency to City Service's commercial FM offering rather than direct competitors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 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 City Service