The leading metal processing and industrial construction company Montuotojas appointed new CEO Martynas Pargaliauskas, who will replace interim CEO Arūnas Raščius, since the 1st of October.
„We are preparing for a new expansion phase and plan to grow organically and through acquisitions, therefore we expect that the 20 year of M.Pargaliauskas working experience in engineering companies will allow Montuotojas to enter the next level,” commented the Chairman of the Board Vidas Venckus.
Martynas Pargaliauskas
40 year old M.Pargaliauskas was a director of Belarusian construction company Vysokyj Zamok, previously he managed companies Geležinkelio Tiesimo Centras, Energetikos Paslaugų ir Rangos Organizacija (EnePRO), branch of Spanish company Indra Sistemas, worked in Fima.
„I am glad to join Montuotojas, a company which has deep traditions and a huge engineering potential and believe that by combining operational excellence we will strengthen partnership with current clients and expand geographically,” told M.Pargaliauskas.
According to him, last year Montuotojas increased sales by 33.7% to EUR 44.384 million. Company had around 550 employees.
During 2020 company concentrated to increase operational efficiency and improve business processes. In order to optimize production processes Montuotojas modernised production facilities in Alytus by increasing production capacity and discontinued production in Vilnius metal construction department, which was unviable and did not comply to modern standards. In the nearest term company will further increase capacities in Alytus and plans investments in Panevėžys production facilities.
In 2020 Montuotojas made a significant input to implementation of the largest investment projects in Lithuania – construction of combined heat and power plant in Vilnius, new particle board factory in Naujoji Akmenė and others.
The biggest private equity fund in the Baltics INVL Baltic Sea Growth Fund holds majority stake in Montuotojas.
INVL Baltic Sea Growth Fund
INVL Baltic Sea Growth Fund with its total size of €165mn is the largest private equity fund in the Baltics with the European Investment Fund (EIF) acting as its anchor investor. The EIF, which is a part of the European Investment Bank, has committed €30mn with the support of the European Fund for Strategic Investments, a key element of the Investment Plan for Europe (or the ‘Junker Plan’), as well as allocating resources from the Baltic Innovation Fund, the “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia. This aims to increase capital investment in high growth potential small and medium-sized enterprises in the Baltic States.