UAB Valstybės investicinis kapitalas strategic investment into Rheinmetall Defence Lietuva

We advised UAB Valstybės investicinis kapitalas, which is making an investment in Rheinmetall Defence Lietuva with EPSO-G through a joint venture EPSO-G Invest, together with Rheinmetall and Giraitės ginkluotės gamykla. This transaction further highlights Lithuania’s growing efforts to strengthen industrial and defense capabilities through international cooperation.

“Our strategic investment in Rheinmetall Defence Lietuva, which includes the acquisition of shares and additional capital investment commitments, is a step towards strengthening Lithuania’s defence industry and economic resilience. This Rheinmetall Defence Lietuva investment is of key importance for the European defence industry as a whole, and will allow us to reduce our dependence on long supply chains and to supply the military forces not only of Lithuania, but also of the other EU countries in a much more efficient way,” says Vaidas Daktariūnas, CEO of UAB Valstybės investicinis kapitalas.

This newly formed partnership is set to develop a state-of-the-art 155 mm artillery ammunition production facility near Baisogala, expected to commence operations within two years. The facility will significantly enhance local manufacturing capacity, generating new employment opportunities and strengthening national security. Rheinmetall Defence Lietuva is preliminarily planning to invest approximately EUR 260 million in the plant. Rheinmetall will possess a majority stake of 51% in the cooperation contract, while EPSO-G Invest will control 48%, and Giraitės ginkluotės gamykla will retain the remaining 1%.

Ellex in Lithuania represented UAB Valstybės investicinis kapitalas in this transaction. The Ellex in Lithuania team included Partners Ramūnas Petravičius, Lauras Butkevičius, Karolis Kačerauskas and Senior Associate Arvydas Grušeckas.