Panvita Launches Slovenia’s Most Advanced Greenhouse, a EUR 9 Million Strategic Investment

Panvita opened Slovenia’s most advanced greenhouse this week, enabling year-round, eco-friendly lettuce production with cutting-edge climate control and automation.
The facility spans over 21,000 m², houses up to 4 million lettuce heads annually, and uses biodegradable materials for seedling cultivation.
The total investment in the greenhouse amounted to approximately EUR 9 million.

Rakičan, Slovenia, April 22, 2025 – On Earth Day, Panvita Group began production at a newly built greenhouse in Nemščak, Prekmurje. Designed to support the year-round cultivation of leafy greens, the facility introduces modern agricultural technologies that help optimize growing conditions and resource use.

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The launch of this greenhouse also marks one of the first major infrastructure projects completed following BOSQAR INVEST’s (BOSQAR d.d. – ZSE: BSQR) EUR 50 million investment in a majority stake in Panvita Group, which was finalized on November 5, 2024.

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The greenhouse investment, amounting to roughly EUR 9 million, represents an important step in the realization of Panvita’s and BOSQAR’s plans outlined in 2024 for continued investments in infrastructure and expansion, as part of the groups's newly established Future Food vertical.

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Advanced Design Enables Efficient, Year-Round Output

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Spanning 21,360 square meters – approximately 2 hectares – the facility is equipped with movable growing channels and automated climate control systems. It has the capacity for 360,000 growing positions and 260,000 seedling positions.

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Biodegradable paper is used in seedling cultivation, contributing to more sustainable practices. The greenhouse is expected to produce up to 4 million heads of lettuce annually.

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Branko Virag, Managing Director at Panvita, commented:

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“The start of production at our new greenhouse is a defining moment for Panvita. It fulfills the promise we made at the beginning of this investment – to lead in sustainable and innovative farming. This facility not only ensures year-round access to fresh, safe, and locally grown food, but also reduces import dependency, strengthens food security, and promotes self-sufficiency. We recognize our responsibility to both the environment and our community, which is why we invest in technologies that reduce our ecological footprint and deliver added value to Slovenian consumers.”

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Founded over a century ago, Panvita is one of Slovenia’s largest agri-food companies and the country’s leading vertically integrated agricultural group. With more than 700 employees, Panvita cultivates over 3,500 hectares of farmland using cutting-edge equipment and adheres to agricultural and environmental climate programs.

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Looking ahead, Panvita aims to cut greenhouse gas emissions by 40% by 2030, expand its range of sustainably grown raw materials, and increase the use of recycled packaging to at least 75%. Through ongoing innovation and development, the company is strengthening its leadership in sustainable business.

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Local, high-standard production, support for Slovenian agriculture, and a reduced reliance on imported food remain the cornerstones of Panvita’s operations.

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About Panvita Group:

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Panvita Group, which celebrated its 100th anniversary in business in 2022, is one of the largest players in the Slovenian agricultural and food market dedicated to the sustainable production of high-quality food. It operates in three key segments: primary agriculture, the food sector, and sustainable energy. As one of Slovenia's leading vertically integrated chains of agricultural companies, it employs over 700 people. It cultivates more than 3,500 hectares of agricultural land using state-of-the-art equipment and production aligned with the climate program for agriculture and the environment.

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Panvita is a leader in the ecologically sustainable food business and has committed to reducing greenhouse gas emissions by 40 percent by 2030 while simultaneously increasing the procurement of sustainably produced raw materials and raising the level of use of recycled packaging to at least 75 percent. Panvita has been investing in sustainable energy sources for almost two decades. In 2006, it launched its first biogas power plant, and today, it is the co-owner of three biomass and biogas power plants, with plans to further expand its energy production capacity from organic waste.

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About BOSQAR INVEST:

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BOSQAR INVEST (BOSQAR d.d., together with its subsidiaries) is a European leader that operates in the industries of business process and technology outsourcing, information technology, employment services (HR), eCommerce, and Food.

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With an innovative business model, BOSQAR INVEST accelerated its expansion on the market with intensive organic growth and an M&A platform. Through its buy-and-build strategy, it has acquired 84 companies since 2016. BOSQAR INVEST is focused on improving the profitability and operations of each of its acquired companies through its standardized operational models that result in significant organic growth of all companies inside the Group and the Group itself.

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Today, BOSQAR INVEST operates through several business verticals: the BPTO business vertical (brand: Mplus), the HR business vertical (brands: Manpower and Workplace), and the Food business vertical (brand: Future Food). All business verticals are focused on shareholder value creation through a commitment to best practices in digitalization, structured key accounts management programs, rigorous financial stability and focus on results, and strong and dedicated management teams.

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In its ownership structure, BOSQAR INVEST brings together pension funds, institutional investors, international private equity funds, development institutions, and private investors. The BOSQAR INVEST business community consists of over 15,000 employees, and the group’s companies operate from 20 countries around the world.

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