Okmanas explains 'Tesonet' purchases: 'I'll be open'

Tomas Okmanas, co-owner of the technology and investment group Tesonet, has detailed the company's recent expansion into diverse sectors, including education, hospitality, banking, and real estate. The group plans to acquire the Šiaurės licėjus schools and kindergartens, the Grand Hotel Vilnius, increase its stake in Artea, and develop a large multifunctional block in Kaunas.

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Looking from a business perspective, all of them had unrealized potential.

Okmanas explained the rationale behind these varied investments, stating that each project possessed unrealized potential. He cited Artea bank as Lithuania's largest bank with ambitious goals, Grand Hotel Vilnius as a historically significant property in a strategic location, and the Žalgiris club as a prominent Lithuanian brand with growth potential. The Low Freda block in Kaunas is envisioned as an ecosystem to meet all needs. The overarching strategy, Okmanas said, is to "earn in the world, invest at home."

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All these steps are united by one direction: earn in the world, invest at home.

While Tesonet operates globally, Okmanas stressed that Lithuania remains their home. The company aims to reinvest capital earned abroad back into the Lithuanian economy, businesses, cities, and people. He acknowledged that some investments, particularly in schools, are not solely driven by financial returns but by their long-term societal impact. "Without strong, globally competitive, and accessible education, there will be no strong future for Lithuania," he stated.

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Therefore, we return that foreign capital back into the Lithuanian economy, into Lithuanian businesses, cities, and people.

Okmanas candidly admitted that investing in Lithuania is currently very advantageous. He pointed to the country's economic potential and environment, suggesting that investments there generate greater financial returns than in most foreign markets. He warned that if Tesonet sees this potential, foreign capital will soon follow, making now the opportune time to invest in Lithuania.

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There are projects whose return is measured not in quarterly reports, but in the society and environment we are creating for decades to come.