Lithuanian logistics giant Girteka has signed a €74 million financing agreement with Germany’s AKA Bank to accelerate its fleet renewal program. The transaction is backed by Credendo, Belgium’s export credit agency (ECA), providing the logistics operator with the competitive edge needed for large-scale international expansion.
The facility will partially fund the acquisition of 1,200 latest-generation trucks, a move designed to reinforce Girteka’s status as Europe’s largest asset-based transport company. While Girteka has not yet disclosed specific manufacturers or delivery timelines, the company emphasised that this investment is central to a broader modernisation effort.
“Our mission is to deliver temperature controlled and high-care cargo safely and efficiently with our own fleet. Investing in the newest, fuel-efficient vehicles ensures reliability of our services while actively reducing our environmental footprint and meeting growing customers’ expectations for greener supply chain solutions,” said Girteka Group CFO Vytenis Šuklys.
Beyond simply adding more vehicles, the new fleet is designed to improve operational KPIs through:
- Sustainability: Reduced $CO_2$ emissions and enhanced fuel efficiency.
- Safety: Integration of the latest driver-assistance and safety features.
- Connectivity: Real-time monitoring and predictive maintenance via Girteka’s proprietary digital systems.
The partnership with AKA Bank marks a strategic shift for Girteka. Šuklys noted that the ECA backing allows for credit conditions and pricing that are significantly more favourable than those available in local markets.
Furthermore, AKA Bank CEO Marck Wengrzik explained that the deal is structured as a framework facility. This setup creates a scalable platform, enabling Girteka to rapidly increase financing limits as its growth dictates.
A second big fleet renewal plan in a week
Girteka is not alone in its aggressive push for modernisation. This announcement follows a similar move by the Hungarian logistics group Waberer’s, which recently unveiled a €57 million plan to replace 925 vehicles throughout 2026.
While Girteka has kept its timeline private, Waberer’s has set a clear schedule: the first units are expected in early May 2026, with a weekly replacement cycle concluding in November to ensure uninterrupted service across its international and domestic networks. Together, these investments signal a massive technological upgrade for Eastern European road transport.
