30/09/2024

“If a company is looking for expansion opportunities through acquisitions, one of the most attractive markets right now is the American one,” said Šarūnas Šiugžda in an interview with LRT.lt.

During the interview, Šarūnas discussed how Lithuanian companies are making strategic acquisitions in the U.S., particularly in high-tech sectors like the supply chain of semiconductor industry. These moves go beyond expansion – they’re about leveraging innovation and technology to compete on a global scale. Lithuanian businesses are positioned to play a key role in the development of advanced technologies, such as medical and defence, especially as the U.S. seeks reliable partners to reduce dependency on China.

Šarūnas also shared more insights about Altechna’s acquisition of Alpine Research Optics – a high-precision optics manufacturer based in the US, which was acquired last year.

“The semiconductor industry is probably the most promising sector. Both Altechna and ARO have many clients in this segment. This area is highly sensitive in US foreign policy, with very large investments being made to bring it back to America and make it as independent from Taiwanese or Chinese suppliers as possible. We have a large customer base, so as the semiconductor industry further develops in the U.S., very good growth opportunities for our business open up,” added Šarūnas Šiugžda.

Read a full article here.