Omhros Dairy Accelerates Global Growth With Strategic Cyprus Acquisition

Strategic Acquisition Consolidates Global Ambitions

Omhros Dairy, a renowned leader in the Greek dairy industry, has solidified its international expansion plans with the acquisition of the historic A. Hadjipieris Ltd through its subsidiary, Omiros Dairies Cyprus Ltd. This strategic move is an integral component of a 30 million euro investment initiative designed to boost production capacity for Protected Designation of Origin (PDO) halloumi and to enhance the company’s global export footprint.

Phased Investment to Modernize and Expand Production

A. Hadjipieris Ltd, celebrated for its traditional halloumi and strained yogurt products, is set to become the cornerstone of Omhros Dairy’s expansion strategy in Cyprus. The investment will unfold in two key phases. The initial phase involves a 5 million euro budget dedicated to modernizing existing facilities and increasing production capacity to 5,500 tonnes of halloumi annually. In the subsequent phase, a new state-of-the-art facility with an annual capacity of 12,000 tonnes will be constructed, positioning Omhros Dairy among the leading halloumi producers in the Eastern Mediterranean.

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Enhancing Market Reach and Diversification

This acquisition not only ensures access to a product with growing international demand but also diversifies the company’s geographic base beyond Greece while strengthening its export capabilities. With Cyprus already leading in halloumi exports—over 42,000 tonnes valued at more than 324 million euros in 2024—the strategic move promises to add significant value to Omhros Dairy’s portfolio.

Robust Growth and a Commitment to Excellence

The Cyprus expansion complements Omhros Dairy’s impressive financial performance in 2024, which saw a turnover exceeding 100 million euros and a 23.3% pre-tax profit increase. Present in 40 global markets with key export destinations including the United Kingdom, Germany, and the United States, the company’s latest investment underscores its commitment to growth, quality, and preserving its Mediterranean culinary heritage.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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