Velve | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Velve is a civil engineering company based in Rīga, Latvia, specializing in construction projects including civil, industrial, technical...
Velve is a civil engineering company based in Rīga, Latvia, specializing in construction projects including civil, industrial, technical engineering, and environmental projects. They offer services such as construction process management, new buildings construction, technical engineering structures, restoration, reconstruction, and renovation. Velve stands for long-lasting values and aims to ensure clarity and transparency in the construction process for its customers.
Website
Headquarters
Rīga, Latvia
Size
51-200 employees
Industry
Civil Engineering
Specialities
Building, Construction process management, Technical engineering structures, Restoration, Reconstruction, Renovation, Construction
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- On October 22, 2024, the State Police decided to close the criminal case against Velve regarding the removal of construction documentation from Paula Stradiņa Clinical University Hospital due to lack of criminal offense, and the documents must be returned to Velve.
- On October 22, 2024, the State Police decided to close the criminal case against Velve regarding the removal of construction documentation from Paula Stradiņa Clinical University Hospital due to lack of criminal offense.
- Velve is facing a lawsuit from a hospital demanding €1.4 million in damages, with a new claim for an additional €7 million being prepared.
- Velve was fined as part of a construction cartel but reached a settlement agreement and received positive feedback on its trust restoration measures.
- Rīgas apgabaltiesa has indefinitely postponed the appeal by SIA 'Rīgas nami' against Velve regarding a dismissed claim for damages in a potential construction cartel case.
- Stradiņa slimnīca is pursuing legal action against Velve for damages of 1.4 million euros, with plans to increase the claim to 7 million euros.
- From August 2024 to February 2025, P un S būvniecība will fix defects caused by Velve in the construction of Stradiņa slimnīca's A2 building.
- Velve's projects, Novira Plaza and Verde office complex, were recognized as the best new projects of the year by the BREL Forum Awards 2024.
👔 Velve CEO, Management and Leadership Team
⚔️ Velve Alternatives and Competitors
- Velve-AE SIA
💼 Velve Hiring and Layoffs
- Baiba Cimdare has left Velve as a Senior Financial Controller in Latvia to join SIA Citrus Solutions as a Business Controller.
- Sergejs Generalovs has left Velve as a construction manager in Latvia to join SIA Citrus Solutions.
🤖 Velve Developer, Integration and Automation News
📈 Velve Financials, Fundraising and Valuation News
- Velve reported a 2.57% revenue decrease to 67.38 million EUR in 2023 and ended the year with a loss of 3.72 million EUR, prompting the company to seek legal protection to manage creditor actions.
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