Estonian investment group Infortar has agreed to acquire 100% of Lithuanian agricultural group Litagra, according to a notice published by the Nasdaq Baltic exchange. 

The deal will expand its farming operations to 23,000 hectares and give the combined business 16,600 animals producing 93,000 tonnes of milk annually. The purchase will be made through Infortar subsidiary Infortar Agro, with completion targeted by the end of 2026 subject to regulatory approvals. The price was not disclosed.

It also adds poultry farming to the Estonian group's portfolio, further diversifying a conglomerate whose principal businesses have traditionally been maritime transport, energy and property.

Infortar Agro will acquire Litagra from founder Gintaras Kateiva, investment company Invalda INVL and Adomas Grigaitis. Invalda INVL indirectly owns 48.81% of Litagra and has been an investor since 2011.

Invalda estimates that, had the disposal been completed on June 30, its first-half net profit would have been approximately €3.6mn higher after transaction-related costs.

“Estonia and Lithuania have historically been agricultural countries. Our latitude and climate are well suited to milk production, our cows have the highest milk yields in Europe and we have the most modern farms. Milk is our most important natural resource, and by increasing production, it could become an important export product and help secure our place in international competition,” said Ain Hanschmidt, CEO of Infortar.

Litagra, founded in 1991, comprises 34 companies and employs almost 400 people. The group generated consolidated revenue of €69mn and EBITDA of €14.5mn in 2025, while farming 10,500 hectares.

Its operations span dairy and crop farming, poultry, animal feed and related agricultural activities. Litagra's businesses include Lithuania's third-largest dairy herd and what the company describes as the Baltic states' largest turkey farming operation.

Infortar has already expanded aggressively into agriculture. It acquired Estonia Farms in 2025 after buying Halinga Farms a year earlier. Its Estonian farming businesses have 8,300 dairy cattle and young stock and own more than 13,000 hectares.

Litagra's existing management will remain in place, with Infortar saying it plans no significant changes to the group's current operations.