NKT, a leading global power cable manufacturer, and THINKT, an innovation hub backed by the Danish company, are bringing their joint competencies to Kaunas where they are establishing a digital project development team. The new site will collaborate with the THINKT hub in Berlin to support and develop new projects for the energy industry, a press release from Invest Lithuania states.
© Shutterstock

"As NKT has been growing its team in finance over the past year, we realized that Kaunas has a strong potential to help us drive our digital agenda and we wanted to seize this opportunity. A strong technical university, the expertise in IT that the local talent pool possesses, and entrepreneurial spirit made the decision to grow our second team in Europe here in Kaunas easy," says Veaceslav Driglov, CEO of THINKT Digital.

The company is looking for embedded software engineers, software developers, project managers, UX/UI designers, QA testers, and solution architects to join the new team, which will be developing new solutions for international companies with focus on industry-wide and cross-industry innovation challenges in the energy sector and beyond by leveraging the latest technologies. The team is expected to grow to around 30 professionals in two to three years. More information on positions can be found at www.workinlithuania.lt.

"IoT is one the future industries in which Kaunas has an enormous potential to build a strong cluster. On the one hand, scientists at Kaunas University of Technology have been working with this technology for several years and have not only developed scientific knowledge, but also gained experience carrying out projects with businesses. On the other hand, foreign companies that open branches in Kaunas bring their international experience and industry knowledge. This combination should also help local developers to grow," states Lithuanian Minister of Economy Virginijus Sinkevičius.

„The real potential of IoT technology lies in not just consumer but also industrial applications, and with such innovative developers as THINKT choosing Lithuania, our specialists will be one of the first to embrace new facets of this technology. This will help the country to stay competitive at the dawn of the Industry 4.0 revolution," Mantas Katinas, Managing Director of Invest Lithuania says.

The THINKT team will be based at the NKT business services center, which is situated in Kauno Dokas, a new business centre on the bank of river Neris.

THINKT Digital is an innovation hub backed by NKT. It is based in Berlin and predominantly works on creating B2B products and ventures.

NKT has pioneered the cable industry for more than 125 years. It is a leading power cable provider connecting the world with an extensive portfolio of cables within such areas as construction, energy distribution. It also focuses on the growing offshore wind industry and the development of global power grids. The company employs more than 3,400 employees, and in 2017 reported revenue of over €1 billion.

Executives of two dairies slapped with fines for market abuses

The board of the Bank of Lithuania has imposed a fine of 200,000 euros on Linas Strelis, a member of...

Telecoms operators watching situation regarding Huawei

Following Google 's announcement that it has severed relations with Huawei , seen by Washington as a...

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...

Belarus complains: Lithuania's blocking Minsk-EU agreement

Belarusian representatives complained in Brussels last week that Lithuania is blocking the...

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...