Integre Trans invests €7.9 million in its development - Integretrans
May 27th, 2021

Integre Trans invests €7.9 million in its development

The transport and logistics services company Integre Trans will soon add 100 new trucks to its existing fleet of 500 vehicles. Citadele Bank has provided €7.9 million in financing for the company’s development.

“In recent years, Integre Trans has experienced strong growth and expansion in various parts of Western Europe, with the establishment of companies in Germany, Poland, and France, where we opened a new 6,500 sq. m warehouse last year. Our new branch, which opened its doors in Kaunas, is also worth mentioning. One of the key conditions for our development is sustainability, so we are investing extra funds in new vehicles that will have the lowest possible impact on the environment,” said the financial expert Žana Kel, owner and CEO of Integre Trans.

Among the purchases are the Iveco S-Way NP 460 vehicles, which are more environmentally friendly, liquefied natural gas (LNG) trucks, which Integre Trans decided to purchase after testing them earlier this year. The first two trucks were added to the fleet back in May, and the remaining 8 will arrive this autumn.

Integre Trans is one of those companies that viewed both the regulatory changes and the economic slowdown as another opportunity to change and strengthen its position and to grow. We are happy to be contributing to the development of an environmentally-friendly transport fleet and to the transformation of the sector into a greener one, while also gaining a significant competitive advantage,” said Vaidas Žagūnis, Member of the Board at Citadele Bank and Head of the Baltic Corporate Banking Department.

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