Aimasa

What Aimasa does

Aimasa (SIA AIMASA) is a Latvian general contractor founded in Valmiera in 2004 that delivers full-cycle construction services from concept to commissioning across industrial, public and multi-apartment residential segments. The company employs 120+ qualified specialists and reported €96,000,000 of turnover in 2024, with a cumulative track record of 470+ completed projects. It serves enterprise and government clients including LIDL Latvija, Maxima Latvija, Amber Beverage Group, SIRIN Development, Porsche Center Latvija, VAS Valsts nekustamie īpašumi, Vidzemes slimnīca, "Veselības centrs 4", Coca-Cola, CEWOOD and APF Holdings, with verticals spanning retail, healthcare, logistics, automotive, beverage, agriculture, residential development and cultural/heritage infrastructure.

The operating model combines general contracting with design-build delivery, plus vertically integrated manufacturing of metal structures, sheet metal products, prefabricated concrete blocks ("LEGO" system) and timber at owned facilities in Valmiera and Rūjiena. Construction equipment rental (Liebherr 30t-70t tower cranes, loaders, 14-19 m aerial lifts, universal excavator loaders) supports both internal jobs and third-party hire. Project-based revenue (one-time contracted construction, design-build, and certification/expertise services) is generated through direct enterprise field sales across Latvia, with active works visible in Riga, Valmiera, Cēsis, Ogre, Jūrmala, Liepāja, Berģi, Dreiliņi and elsewhere. Forward integration into developer/owner activity (the "Šampētera nams" multi-city residential program, Endzelīna iela 2, Nordale) extends the value chain from contractor to seller.

The firm is privately held and founder-controlled (Chairman of the Board Sandris Apsīts), holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, and has accumulated a steady stream of Latvian Construction Annual Awards and regional "Company of the Year" recognitions from 2019 through 2025. Customer concentration is diversified across verticals with recurring anchor relationships (LIDL multi-store, Maxima multi-site, SIRIN three-phase logistics park, Šampētera nams multi-city); there is no public evidence of external institutional ownership, M&A activity, or outside capital.

Name

Aimasa

Legal name

SIA AIMASA

Website

https://aimasa.lv

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Aimasa is a Latvian general contractor providing end-to-end construction, design-build and integrated manufacturing of building materials for industrial, public and residential projects. With 120+ staff and €96M turnover in 2024, it serves enterprise and government clients across Latvia.

Ownership category

akta.pro rank

Headquarters

HQ city

Melbourne Street Station

HQ country

Australia

HQ region

Oceania

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: General construction services as main contractor (ģenerālbūvniecība) for industrial buildings, public buildings, and residential multi-apartment buildings. Revenue is project-based with full-cycle delivery from concept to commissioning.
2. Design and Build: Integrated design and construction services under a single contract, ensuring shorter execution time, lower costs, and unified workflow.
3. Construction Expertise: Construction expertise and certification services evaluating compliance with regulations and technical requirements.
4. Manufacturing: Production of metal structures, sheet metal products, prefabricated concrete blocks (LEGO system), and timber materials for construction use.
5. Construction Equipment Rental: Rental of construction equipment including tower cranes (30t-70t Liebherr), forklifts, lifts with baskets/platforms, and universal excavator loaders.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Aimasa provides full-cycle general construction (Ģenerālbūvniecība) services for industrial buildings, public buildings, and multi-apartment residential projects, delivering from concept to commissioning. The offering is complemented by integrated design & build, construction expertise and consulting, in-house manufacturing of metal structures, sheet metal products, prefabricated concrete blocks, and timber, and a construction equipment rental fleet (mobile cranes, loaders, aerial lifts, universal excavator loaders). The company also engages in its own real estate development projects in Latvia.

Product overview

Aimasa is a Latvian construction company offering a unified portfolio of construction services and related manufacturing capabilities. The core offering is general construction (ģenerālbūvniecība) providing full-cycle project delivery from concept to handover, complemented by integrated manufacturing of construction materials (metal structures, sheet metal, concrete blocks, timber) produced at their Valmiera and Rūjiena facilities. Equipment rental services include mobile cranes (30t-70t), loaders, aerial lifts, and universal excavator loaders. Additional services include design (design & build), and construction expertise/evaluation. The company specializes in industrial buildings, public buildings, and multi-apartment residential construction, while also developing its own real estate projects.

Differentiator

Problem solved

Functional benefit

Products and services

• General Construction (Ģenerālbūvniecība) Full-cycle construction services from concept to completion, specializing in industrial buildings (logistics centers, warehouses, factories, boiler houses, energy projects), public buildings (shopping centers, offices, medical facilities, cultural institutions), and multi-apartment residential buildings. Served as general contractor for enterprise, retail, logistics, manufacturing, government, healthcare, and real estate clients across Latvia.
• Design & Build Services Integrated project design services combined with construction under a single contract, enabling shorter execution time, lower costs, and a unified workflow for clients requiring both design and execution from one provider.
• Construction Expertise and Consulting
• Metal Structures Manufacturing
• Sheet Metal Products Manufacturing
• Prefabricated Concrete Blocks (LEGO System) Manufacturing
• Timber and Wood Materials
• Mobile Tower Crane Rental
• Loader Rental
• Aerial Lift and Boom Platform Rental
• Universal Excavator Loader Rental
• Real Estate Development (Own Projects)

Quantifiable outcome

• 470+ completed projects over 22+ years of operation
• +1 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered major and core.

• Amber Beverage GroupmajorStrategic or Co-development PartnerAimasa is constructing a modern, automated warehouse of 24,000 m2 for Amber Beverage Group, which will serve as their global logistics center serving partners and customers in more than 160 countries. The facility uses Jungheinrich technological equipment and will be one of the most modern and technologically advanced warehouses in the Baltic region and possibly in Europe.
• LIDL LatvijacoreStrategic or Co-development PartnerOngoing partnership for LIDL store construction across Latvia. Multiple stores built including locations in Ogre, Riga (Brīvības gatve, Stirnu iela, Tēriņu iela, Kalnciema iela, Krasta iela), and Cēsis. Long-term collaboration spanning multiple years.
• SIRIN DevelopmentmajorStrategic or Co-development PartnerPartnership for Rumbulas loģistikas parks - A-class warehouse complex of 82,660 m2. The project was completed in three phases (2019, 2022, 2023) with BREEAM certification.
• JungheinrichcoreTechnology or IntegrationTechnological equipment provider for Amber Beverage Group automated warehouse project. Provider of automated warehouse technology and equipment.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• LNK Group: LNK Group is one of Latvia's largest construction conglomerates covering building construction, infrastructure and manufacturing, overlapping Aimasa's industrial, public and residential building focus and its vertically integrated model.
• Sanko (SIA Sanko): Sanko is a Latvian general construction contractor active in industrial, commercial and public buildings, including reconstruction projects. Closely comparable to Aimasa on Latvian general-contracting profile and customer segments.
• Skonto Group (SIA Skonto Group): Skonto Group is a Latvian construction holding active in general contracting, industrial buildings and prefabricated manufacturing — directly comparable to Aimasa on integrated construction-plus-manufacturing profile.
• Merks (SIA Merks): Merks is a Latvian general contractor and developer specializing in residential, commercial and industrial construction with its own real-estate development pipeline — comparable to Aimasa in scope of services and Latvian market exposure.
• Pillar (SIA Pillar Contractor): Pillar is a Latvian construction contractor with general-construction services across commercial, residential and industrial segments. Comparable to Aimasa on Latvian market focus and full-cycle construction delivery.
• UPB (SIA UPB): UPB is Latvia's largest construction and manufacturing holding, with its own production of metal structures, concrete elements and timber, and a general-construction arm covering industrial, public and residential buildings — directly comparable to Aimasa in vertical integration, product mix and Latvian market positioning.
• RERE Group (SIA RERE Group): RERE Group is a Latvian real-estate developer and general contractor active in residential, commercial and public buildings, including award-winning renovation projects. Closely comparable to Aimasa on full-cycle general-construction services and own-development in Latvia.

Regional players

• Merko Ehitus: Merko Ehitus is Estonia's largest construction company with substantial Baltic operations in general contracting, residential development and industrial buildings. Compares to Aimasa on full-cycle services and own-development model, but at larger regional scale and based outside Latvia.
• YIT (Baltic operations): YIT operates residential and commercial construction across the Baltics, including Latvia, with development-plus-contracting capabilities. Comparable to Aimasa on multi-format building construction and own real-estate development, but as a larger Nordic-rooted incumbent.

Broad incumbents

• Lemminkäinen / Destia Baltics: Lemminkäinen (now part of Destia/AFRY) is a larger Nordic-rooted infrastructure and building construction group with Baltic operations. Overlaps with Aimasa on industrial and public building construction, but operates as a broad incumbent across multiple Nordic-Baltic geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aimasa-sia

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Aimasa