Here's my approach as per the comments on Boris' answer (after finding myself needing to use the same yesterday, but unable to find the link to the answer I'd used):
In your project directory, create a folder called repo, which we'll use as a folder based Maven repository.
Add the following file repository to your project pom.xml:
<repositories>
<repository>
<id>file.repo</id>
<url>file://${project.basedir}/repo</url>
</repository>
</repositories>
Package your classes as a jar, and deploy them to the file repository, with the following command:
mvn deploy:deploy-file
-Durl=file:///absolute/path/to/your-project/repo \
-DrepositoryId=file.repo \
-Dfile=path-to-your.jar \
-DgroupId=some.external.project.group \
-DartifactId=the-artifact-name \
-Dversion=1.0 \
-Dpackaging=jar;
Following this you can just add a normal dependency on the jar in your project pom.xml, using the values for groupId, artifactId and version you passed above. You can then add the repo folder to SVN, and commit the changes to your pom.xml. Any developer checking out your project will now be able to use the same dependency without any effort.