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Construction Engineering & Real Estate: M&A Target Search and Market Analysis in Poland

Sector: Construction & Engineering
Geography: Poland
Services: Market analysis, M&A target screening, longlist and shortlist preparation, company profiling, scoring methodology

What the client needed

  Our client, a leading European building services engineering consulting firm, was considering expansion into the Polish market through acquisition. The target profile was clear: companies operating in construction engineering and consulting – architectural studios, structural design firms, MEP/HVAC specialists, project managers and environmental consultants – with a specified annual revenues range and an active project portfolio.

  Poland was on the radar for a reason. The construction market carried nearly 100 billion EUR in active investment value, driven by residential growth, expanding healthcare infrastructure, a wave of industrial and logistics development, and a fast-growing data centre pipeline.

What we did

  • Market mapping. We produced a full structural overview of Poland’s construction and real estate markets – segmented across 8 key sectors. Each sector was broken down by active project count, total investment value, area, design engineering value, phase distribution, and value trend versus previous cycle. Real estate market data covered 4 main sectors including supply pipelines, vacancy rates, and investment transaction volumes.
  • Longlist construction. We screened approximately 2,000 companies operating in Poland’s design engineering space. Sources included a proprietary database of active construction projects and the firms involved in them, the Market.Open internal database, the top 100 engineering rankings for Poland, membership records of top sectorial organizations and targeted additional searches. From this universe we selected 250 companies meeting the minimum revenue threshold and a design engineering profile – excluding pure construction contractors and installation-only firms.
  • Scoring and shortlisting. Every company on the longlist was evaluated across four dimensions for scoring. Revenue was categorized to three tiers. The scoring produced a ranked shortlist of top candidates across all three tiers, with total scores and rationale for each.
  • Deep company profiles. For the highest-scoring targets we prepared detailed overviews covering: year founded, headcount, service offering and segment split, management and ownership structure, key references and landmark projects, market context – and a full five-year financial analysis.
  • M&A transaction mapping. In parallel we identified and documented selected M&A transactions in the Polish construction engineering sector over 5 years, covering acquisitions by international players from the US, Austria and Germany, domestic consolidation moves, and joint ventures – each with deal type, sector focus, strategic rationale and timeline.

What the client received

  • • Macroeconomic overview of Poland as an investment destination
  • • Full construction market analysis across 7 sectors: active project counts, total investment values, area, construction design engineering values, and comparison to the previous cycle
  • • Real estate market data for 4 sectors, including stock, annual supply, vacancy rates, transaction volumes and outlook
  • • Engineering market structure by segment and category, with company counts by revenue phase and geographic distribution map
  • • Longlist of 250 companies with segment and category breakdown
  • • Scored shortlist of top tier targets with final scores and rationale
  • • In-depth company profiles with five-year financial data and acquisition watch points
  • • Selected M&A transaction database covering the construction engineering sector
  • • Longlist methodology and scoring system as appendices