Vectr Holdings, a privately-owned group of companies, continues its commitment to Romania with new strategic acquisition, consolidating its position as a key player in the industry.
Engaged in agricultural operations, agricultural machinery distribution, fitness and real-estate in Romania, with an annual business turnover exceeding Euro 200 million, Vectr Holdings announces successful acquisition of Padova Agricultura S.R.L and Contara S.R.L through its subsidiary, Vectr Farm Braila S.R.L.
Vectr’s involvement in Romanian agriculture demonstrates its dedication to promoting innovation and sustainability in this sector. Given the extensive expertise and established best practices in the field advocated by the Vectr’s farming activities, this investment will further promote integration of modern technology andbest practices for sustainability in Romanian agriculture.
“Vectr Holdings aims to strengthen its market position, enhance productivity, and set new standards for efficiency, sustainability, and innovation while operating collaboratively with all stakeholders to create a positive impact, stimulate economic growth and contribute to the communities in which it operates while facing unprecedented weather volatility.
Looking ahead, Vectr Holdings is committed to implement strategies that align with the dynamic needs of the modern agricultural era in Romania: sustainable resource management, enhanced productivity, water conservation, soil health and respect for biodiversity with an eye on food security” stated Chintan Surana, Group CEO of Vectr Holdings.
Vectr Holdings affiliate companies started with agriculture in Romania in 2015 with 2,300 hectares under operation. In the last 3 years it expanded area under operation by circa 17,500. With these acquisitions, Vectr Holdings’ farming operations now encompass circa 27,000 hectares of agricultural land.
Padova Agricultura S.R.L., operating in Braila has been actively involved in the production and marketing of cereals in Romania. Its diverse portfolio includes crops such as rice, corn, wheat, barley, rapeseed, sunflower, alfalfa, and soy. The second company, Contara S.R.L, has transitioned its focus from rice cultivation to cereal production, specializing in crops like corn, wheat, and sunflower from the agricultural year 2022.
Vectr Farm Braila, the holding company facilitating this acquisition, is strategically positioned to integrate Padova Agricultura and Contara into Vectr Holdings’s ecosystem seamlessly.
Source: Business Review.eu January 2024