Smartecon will continue to operate under its own brand as a separate subsidiary of Verston Group. Management, the team, and day-to-day operations will continue as before, with group integration to proceed gradually.
According to Smartecon CEO Magno Kure, joining Verston Group gives the company the capacity to take on larger projects and expand into new markets.
“Over the past ten years, we have reached a point where moving to the next level requires a stronger platform behind us. Organic growth alone would not have allowed us to scale up project volumes, operational capacity, and international reach quickly enough. An important factor in joining Verston Group was that its leadership shares our ambitions, approach, and outlook, they do not just build roads, they think big and think ahead,” said Magno Kure.
About Verston Group
Founded in 2010 in Estonia, Verston Group is an internationally growing infrastructure group, headquartered in Ülemiste City, Tallinn. In 2025, Verston Group’s revenue grew 53% to EUR 115 million, with net profit of EUR 1.7 million. The Group employs 333 people and is active across the Baltic states. Verston’s core capabilities span roads and highways, rail infrastructure, energy infrastructure, and multimodal and urban infrastructure.
The transaction is subject to customary closing conditions, including approval from the Estonian Competition Authority.