Lithuanian haulier Girteka has signed a €74 million financing agreement with Aka Bank, a German institution specialising in international trade. The transaction, backed by a guarantee from Credendo, the Belgian public export credit agency (Export Credit Agency), will partly finance the purchase of 1,200 latest-generation trucks. The agreement forms part of the group’s fleet renewal programme, aimed at strengthening direct control over assets and supporting disciplined growth in a selective market environment.
According to chief financial officer Vytenis Šuklys, the public guarantee allows the company to secure more favourable credit conditions than those available on local markets, with a positive impact on capital structure and long-term financial sustainability. The company stresses that continuous vehicle renewal is key to maintaining a presence in higher value-added segments, particularly temperature-controlled transport, urgent shipments and high-value goods, where reliability, security and contractual accountability are core requirements.
This is the second fleet renewal financing announcement in recent months. The previous announcement, made in August 2025, referred to €173 million for the purchase of up to 8,000 trucks and trailers. In May, Girteka signed an agreement with Volvo Trucks for 2,000 heavy-duty vehicles, the largest single truck order in Europe in 2025. The resources come from institutions active in leasing and heavy transport financing, including Op Corporate Bank, confirming the group’s ability to access medium- to long-term capital despite the cyclical downturn.
Girteka operates more than 6,000 trucks and 7,000 semi-trailers, handling over 600,000 full truckloads each year across Europe. The deal with Aka Bank forms part of a 2025 that Girteka has turned from a challenging year for European road haulage into a lever for industrial relaunch. Alongside fleet renewal, the company has stepped up the digitalisation of its services. In 2025 it announced an acceleration of its dedicated freight platform. It has also earmarked nearly €1 million in investment in collaboration with Vilnius University to develop advanced fleet management algorithms, aimed at optimising routes, improving vehicle utilisation and enhancing forecasting capacity.
The industrial strategy is accompanied by a geographical repositioning. Following the spin-off of its Eastern European operations announced in 2022 and a realignment towards the European Union and Scandinavia, in 2025 the group assessed the creation of a logistics hub in Uzbekistan. The initiative signals interest in alternative Euro-Asian corridors and a presence along routes linking Central Asia and Europe, in line with its ambition to position itself firmly among Europe’s top ten logistics operators.
