German electronic component producer Leesys plans to establish a production, repair and technical maintenance division at the Panevezys Free Economic Zone in northern Lithuania.
© Bendrovės archyvas

The company plans to hire up to 40 people in three-year period. Dr. Arnd Karden, CEO at Leesys, says Lithuania was the country that met the company's all expectations.

"Mainly the level of skilled people, the openness towards technical progress, the adequate infrastructure and – the last but not least – the outstanding support by the investment agency Invest Lithuania, have been the relevant factors to select Lithuania for the new site," dr. A. Karden said.

BNS Lithuania reported last week that Leesys LT was established on November 20 and the Leipzig-based Leipzig Electronic Systems is the sole shareholder of Leesys LT. The German company produces electronic components for cars, as well as the telecommunication and medial industry.

The company was owned by Siemens since 1990 but was bought by German investment company Quantum Capital Partners in 2014.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Counting its chickens: twice as many foreign start-ups chose Lithuania last year

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...

Scientists: circular economy is not only about recycling

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear...

EIB opens regional office in Vilnius

The European Investment Bank (EIB) Group has today officially inaugurated its regional...

Internet freedom: how Lithuania looks in global perspective

Almost 54 percent of the world’s population (4.1 billion people) uses the internet . It’s our...