What Kalvasta does

Kalvasta is a privately-held Lithuanian construction services group founded in 2009, operating through four wholly-owned subsidiaries: Kalvasta Statyba (industrial and commercial construction in Lithuania), Kalvasta Būve (construction in Latvia, launched 2023), Kalvasta Timber (CLT and Glulam engineered wood manufacturing in Limbaži, Latvia), and Kalvasta Steel (steel structure fabrication in Klaipėda, Lithuania). The group delivers turnkey industrial, commercial, residential, and infrastructure projects—most recently including the National Stadium complex in Vilnius (€47.5M, 25,200 m²), a NATO-standard terminal at Šiauliai air base, and a €48M+ recycling refinery for Hill Group—primarily targeting enterprise clients via direct sales and competitive tenders.

The group's technology base comprises integrated construction engineering with BIM-enabled project management, production of cross-laminated timber (CLT) panels at 50,000 m² per shift capacity, glued laminated timber (Glulam) at 8,000 m³ annually, and steel structures at 200 tonnes/month (expandable to 400 tonnes), with Kalvasta Steel certified to ISO 9001, ISO 14001, ISO 45001, EN 1090, EXC2, and ISO 3834-2 standards. This vertical integration of construction services with owned timber and steel manufacturing is positioned as a primary cost and quality control mechanism.

Kalvasta generates revenue through project-based construction contracts (€8M–€48M+ per project), one-time timber product sales to property developers, and steel structure manufacturing and installation. The company operates across Lithuania, Latvia, and Sweden (Nordic entry via 2024 Mefab acquisition), employed approximately 200 staff, and reported €45M in 2024 sales (€49M in 2023). GTM is entirely enterprise-direct with no public pricing, and demand generation is driven by tenders, project referrals, and a project portfolio website.

Name

Kalvasta

Legal name

Kalvasta UAB

Website

https://kalvasta.lt

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Kalvasta is a Lithuanian construction services group with four subsidiaries delivering industrial, commercial, residential, and infrastructure projects across Lithuania, Latvia, and Sweden, integrated with owned CLT, Glulam, and steel manufacturing.

Ownership category

akta.pro rank

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction Contracts: Primary revenue stream from industrial, commercial, residential, and infrastructure construction projects in Lithuania, Latvia, and Sweden. Projects range from €8 million to €48+ million contracts. Revenue is project-based and recognized upon project completion.
2. Timber Product Sales: Sale of engineered timber products including CLT panels, Glulam beams/columns, and prefabricated elements to property developers and construction companies. Products manufactured at the Limbaži factory in Latvia.
3. Steel Product Manufacturing: Production and sale of steel structures and metal components for industrial, commercial, and residential construction. Includes installation services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kalvasta is a construction services group that delivers industrial, commercial, residential, and infrastructure projects across Lithuania, Latvia, and Sweden through four subsidiaries: Kalvasta Statyba (general construction in Lithuania), Kalvasta Būve (construction in Latvia), Kalvasta Timber (engineered timber manufacturing and wooden construction), and Kalvasta Steel (steel structure manufacturing and installation). The group manages projects from concept and design through manufacturing and on-site execution, with contract values typically ranging from €8 million to €48 million or more.

Product overview

Kalvasta is a construction services group consisting of four subsidiaries: Kalvasta Statyba (industrial/commercial construction in Lithuania), Kalvasta Būve (construction in Latvia), Kalvasta Timber (wooden construction and engineering timber manufacturing), and Kalvasta Steel (metal construction production and installation). The group provides a comprehensive portfolio of construction services including design, engineering, manufacturing of engineered timber and metal products, and full project execution for industrial, commercial, residential, and infrastructure projects across Lithuania, Latvia, and Sweden.

Differentiator

Problem solved

Functional benefit

Products and services

• Kalvasta Statyba Industrial and Commercial Construction Full-package construction services for industrial, commercial, residential, and infrastructure projects in Lithuania, including design, engineering, and execution for factories, logistics centres, warehouses, and business facilities. Targeted at industrial companies, real estate developers, municipalities, and public sector clients.
• Kalvasta Būve Construction Services (Latvia) Full construction services package in Latvia, building industrial and commercial facilities for Latvian and foreign investors, including infrastructure projects, delivered by the group's Latvian subsidiary headquartered in Riga.
• Kalvasta Timber Engineered Timber and Wooden Construction Complete wooden construction service from concept creation, design, and engineering through manufacturing of CLT panels, Glulam beams and columns, and prefabricated elements to assembly and construction on site. Operates an engineering timber factory in Limbaži, Latvia, with 50,000 m² CLT and 8,000 m³ Glulam annual capacity. Targeted at property developers and construction companies needing sustainable timber construction.
• Kalvasta Steel Steel Structure Manufacturing and Installation Mid-sized metal construction manufacturing and installation company that produces and installs steel structures for industrial, commercial, and residential construction projects. Operates a factory in Klaipėda, Lithuania, with monthly capacity of 200 tonnes expandable to 400 tonnes, and supplies technological metal for the Swedish mining industry. Certified to EXC2 and EN 1090 standards.

Quantifiable outcome

• 250,000+ m² of industrial and commercial projects completed with total value exceeding €150 million
• +2 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• FEPS LietuvacoreStrategic or Co-development Partner · 1 January 2024Main contractor for NATO passenger and cargo terminal project at Šiauliai air base. Kalvasta Statyba is a subcontractor for this €16M+ NATO-standard infrastructure project.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• YIT Corporation: Finnish construction group with Nordic and Baltic operations spanning residential, commercial, and infrastructure. Comparable business model of general contracting with regional diversification, though at larger scale.
• Veidekke: Norwegian-listed construction and civil engineering company with Nordic operations. Comparable general contracting and infrastructure delivery model with strong public-sector exposure.
• SIA Merks: Latvian-listed construction and real estate developer. Closest pure peer by geography and size, directly competing for Latvian industrial/commercial construction contracts.
• AF Gruppen: Norwegian construction and civil engineering group with operations across Norway, Sweden, and other markets. Comparable general contracting scope with public/infrastructure project exposure.
• Merko Ehitus: Estonian-listed construction group operating across the Baltics in general building, civil engineering, and real estate development. Highly comparable as a Baltic-headquartered general contractor with similar multi-country footprint and €400M+ revenue scale.

Broad incumbents

• Peab: Swedish-listed general contractor covering construction, civil engineering, and project development across the Nordics. Similar mid-to-large project focus and Nordic operating model.
• Skanska: Global Swedish construction and development giant with Nordic roots. Overlaps significantly in industrial/commercial construction and infrastructure, but operates at vastly larger scale and is more diversified geographically.
• NCC: Swedish-listed construction and property development company operating across the Nordics. Highly comparable general contracting and infrastructure scope, with Nordic presence that complements Kalvasta's recent Sweden entry via Mefab.

Others

• Stora Enso: Finnish/Swedish forest products company that is one of Europe's largest CLT and engineered wood producers. Comparable in Kalvasta Timber's product category and Nordic geographic overlap, but operates as a materials supplier rather than integrated contractor.
• Ruukki Construction: Finnish steel structure and building envelope supplier (part of SSAB). Closest direct comparable to Kalvasta Steel's steel structure manufacturing scope, with similar Nordic/Baltic market exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kalvasta

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 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 Kalvasta