Infortar Acquires Lithuanian Agricultural Company Litagra

Aktsiaselts Infortar’s subsidiary, OÜ Infortar Agro, has entered into a deal to acquire 100% of the shares in Lithuanian agricultural company UAB Litagra. The transaction, signed on September 7, 2026, marks an expansion of Infortar’s agricultural operations into Lithuania, a country known for its fertile land and favorable climate for farming.

Litagra, established in 1991, is a well-established Lithuanian agricultural group with a diverse range of operations, including dairy and crop farming, poultry farming, and feed production. The company’s assets include UAB Joniškio Grūdai, UAB Litagros Žemės Ūkio Centras, and Agrohold Estonia OÜ, all of which are wholly owned by UAB Litagra. Additionally, the Litagra Group encompasses 34 companies, making it a significant player in the agricultural sector.

With the acquisition, Infortar’s agricultural holdings will significantly expand, encompassing a total of 16,600 animals. The group will also see a substantial increase in annual milk production, reaching 93,000 tonnes, and a total farmland area of 23,000 hectares. The new acquisition will also introduce poultry farming, including turkey and broiler farms, to Infortar’s portfolio.

Infortar, which operates in seven countries, primarily in maritime transport, energy, and real estate, sees this investment as a strategic move to leverage Lithuania’s agricultural potential. “Estonia and Lithuania have historically been agricultural countries. Our latitude and climate are well suited to milk production, our cows are among the highest-yielding in Europe, and our farms are among the most modern. Milk is one of our most important natural resources. By increasing production, it could become an important export product and strengthen our position in international markets,” stated Ain Hanschmidt, CEO of Infortar.

The transaction is a continuation of Infortar’s long-standing presence in Lithuania. “We have been operating in Lithuania for eight years. During that time, we have experienced an investor-friendly business environment and benefited from the country’s economic growth. Agriculture is highly valued in Lithuania, and both performance and productivity are strong. This is why we decided to make one of Estonia’s largest foreign investments in Lithuanian agriculture and acquire a well-established company with a long history,” said Martti Talgre, Managing Director of Infortar.

Litagra’s founders and management view the transaction as a natural progression for their company. “Over the past 35 years, what began as a business from the ground up has grown into a strong group of companies with an experienced team, solid operations, and significant potential for further growth. Invalda INVL, which joined us in 2011, became an important part of this stage of growth. We are now taking the next step, with Litagra welcoming a strong strategic investor with a long-term perspective, the resources to grow, and importantly for us, a strong understanding of the agricultural sector,” said Gintaras Kateiva, CEO of Litagra.

Invalda INVL, which has been a shareholder since 2011, expressed satisfaction with the transaction. “Fifteen years ago, we invested in Litagra with the ambition of building a competitive company operating in high-value, profitable segments of the food and agriculture industry. Over the years, we consistently invested in dairy and poultry production, expanded into new businesses, and exited activities that no longer fit our strategy. We are grateful to the company’s founder, Gintaras Kateiva, our fellow investors throughout this journey, and the entire Litagra team, whose dedication and professionalism helped build the company into what it is today,” said Darius Šulnis, CEO of Invalda INVL.

The acquisition is expected to proceed smoothly, subject to obtaining consent from government authorities and fulfilling other customary conditions precedent. Litagra’s current management will continue to operate the company’s day-to-day activities, and Infortar does not plan any significant changes to the company’s existing activities as a result of the transaction. The deal is not considered a significant transaction under the “Requirements for Issuers” section of the NASDAQ Tallinn Stock Exchange rules.

As of the end of 2025, the Litagra Group employed almost 400 people and generated a consolidated revenue of €69 million with an EBITDA of €14.5 million. The group also owns 10,500 hectares of arable land, including the largest turkey farming company in the Baltic States, UAB Sūduvos Ūkis, which operates six production sites with a total of 29 modern barns. The company’s broiler production facilities have a capacity for approximately 360,000 broilers per production cycle, supported by the production of 69,000 tonnes of compound feed and related products, including protein, vitamin, and mineral supplements, premixes, baits, and pet food.

The acquisition of UAB Litagra marks a significant step for Infortar in expanding its agricultural footprint in the region, leveraging the established operations and skilled workforce of the Litagra Group to further enhance its position in the global market.