Estonia’s Omniva LT to invest EUR 4 mln into expansion in Lithuania

Estonia’s parcel company Omniva LT plans to double the number of its parcel terminals in Lithuania and invest 4 mln euros.

The company plans to increase the number of its parcel terminal from 150 to 300 by the end of this year, covering almost 50% of Lithuania’s cities, Omniva LT said.

“We will start our financially biggest-ever expansion in October across the country at once and will get closer to clients in 85-90 cities and towns. We have the goal to finish the main expansion stage and install 144 parcel terminals by December,” CEO Simonas Bielskis said in a statement.

The company plans to invest around 0.5 mln euros into its car fleet and buy 20-30 new vehicles, increasing capacities 40-50% this year.

Last year, Omniva LT invested 3 mln euros into its expansion. The company is currently able to deliver almost 20,000 parcels in 24 hours, and will increase it to 33,000 following its planned expansion.

 

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