As part of its strategy to penetrate new and emerging markets, Thordon Bearings has appointed Axioma Servisas as its sales, service, and distribution lead for Lithuania.
According to Thordon Bearings, Lithuania has been one of the fastest-growing economies in the EU over the past five years. The country continues to actively develop its maritime, manufacturing, and renewable energy sectors as part of government policy to strengthen industrial competitiveness.
Vilnius-headquartered Axioma Servisas, which has been servicing, maintaining, installing, and commissioning technology solutions for companies across the Baltic region’s industrial sectors for more than two decades, is tasked with expanding Thordon’s presence in Lithuania.
Axioma joins Thordon on January 1
Malcolm Barratt, Thordon Bearings’ Regional Manager for Southern Europe and the Gulf Mediterranean, said: “We have had a market presence in Estonia and Latvia for some years, but this is the first time we have an approved distributor for Lithuania, a country on the cusp of economic and technological evolution. Axioma servisas ticks all the boxes for us. The company has established a sound reputation for engineering excellence in most the markets we serve.”
Axioma Servisas officially joined Thordon’s authorized distributor network on January 1, 2025. They are responsible for the sale, supply, and servicing of Thordon’s complete product portfolio of water-lubricated and grease-free bearings and seals.
Thordon sees enormous potential in Lithuania
“With GDP projected to grow by 2.9% in 2025, there is enormous potential for Thordon’s products across all of Lithuania’s industrial sectors, which are now very much in expansive mode, explained Gintautas Gaizauskas, Director of Axioma servisas’ Commercial Department.
“The Klaipėda seaport is being developed following a €65 million investment; new renewable energy sources and infrastructure projects have received funding to ensure the country is climate neutral by 2050; and government incentives have bolstered manufacturing capabilities, making Lithuania a very attractive prospect for international manufacturing.”
Gaizauskas furthered that the country’s maritime sector is an area with potential for both Thordon and Axioma servisas.
“Lithuania will become a major international logistics hub capable of handling much larger vessels and a more diverse range of cargoes and commodities,” he said.
“More vessels are being built and repaired in the country and there is a significant commitment to ‘Green Shipping’ in support of energy transition. Thordon’s product line fits very well with all of the developments taking place to bolster Lithuania’s environmental sustainability.”
