The investment is consistent with the company’s long-term development strategy, as it consistently strengthens its market position as the operator of the largest private truck fleet in Europe. Financing from Finland’s OP Corporate Bank, a long-term partner of the Girteka Group, is crucial as it prepares for the next phase of expansion in 2026.
Girteka announces that it will use the funds raised to purchase up to 4,000 trucks and trailers per year in 2025–2026, which will total as many as 8,000 units of rolling stock.
” This investment will help us ensure the consistent expansion of a more sustainable fleet, maintain high efficiency and service quality, and strengthen our market position as the operator of the largest private fleet in Europe. This deliberate preparation for the Group’s next stage of growth in 2026 will be largely financed by our long-term financial partner, OP Corporate Bank,” says Vytenis Šuklys, CFO of Girteka Group.
OP Corporate Bank, which has been collaborating with Girteka for 13 years, holds a 21% share of the heavy transport leasing market in Lithuania. The bank’s total loan and leasing portfolio currently stands at €1.6 billion. According to the bank, from a financing institution’s perspective, Girteka’s investment is a response to the growing dynamics of the European transport industry.
“The transport sector is growing again, making this a favorable moment for the market leader to increase fleet investments, expand its business, and reduce its environmental impact. Newer trucks meet higher environmental standards, which improves the sustainability of both the company and the entire sector,” emphasizes Giedrius Dzenkauskas , Head of Corporate Clients at the Lithuanian branch of OP Corporate Bank.
Modern truck fleet as a response to market challenges
Girteka is focused on modernizing its fleet, increasing operational efficiency, and reducing emissions. The new trucks will be equipped with advanced driver assistance systems and meet the highest emission standards, which will not only reduce operating costs but also allow the company to comply with increasingly stringent environmental regulations in the EU.
Currently, the Girteka Group has over 6,000 trucks and 7,000 trailers. Last year, the company transported over 600,000 FTL loads across Europe.
Stabilization and opportunity for growth
The year 2024 brought stabilization to European road transport after a more challenging period during the pandemic and disruptions to supply chains. The European road transport market was estimated to be worth €428.2 billion in 2023 , with demand forecast to increase by 1-2% in 2024.
In this context, as Girteka informs, investments in modern rolling stock not only respond to current operational needs, but also constitute the foundation for building a competitive advantage in the future.
