The Kaunas University of Technology (KTU) and the ISM University of Management and Economics (ISM) in Vilnius will soon become partners when KTU acquires a controlling share of ISM's stocks. The deal will be completed as soon as KTU receives the approval of the Competition Council.
KTU Rector Petras Baršauskas
© DELFI / Tomas Vinickas

According to KTU Rector Petras Baršauskas, the move is intended to strengthen interdisciplinary programs and broaden the scope of the university's programs. This is a response to what he describes as an international tendency for universities to merge and diversify. “These are European tendencies – the consolidation of our greatest potential, to improve the quality of our education and our academic research, to encourage interdisciplinary work, and to cooperate more effectively with businesses. Today, it's no longer about specialized, niche universities – comprehensive universities are the future of academics. There are many ways to follow this path – partnerships, mergers and consolidations,” he wrote.

“Both of the universities' operations will remain independent because we are seeking to create a unique educational platform, not to integrate them. The consolidation of these universities' strengths will allow KTU's technological and engineering students to gain entrepreneurial skills from one of the best business universities in the Baltics, while ISM students will gain access to a leading technology university's academic and educational potential,” a KTU representative wrote.

The deal will be completed for an as-of-yet undisclosed sum.

Latest Lithuanian films and projects to compete in Tallinn

Lithuania joins Tallinn Black Nights Film Festival (aka PÖFF) with a rich line-up and a growing...

Restored first colour Lithuanian film has its world premiere in Washington (1)

As Lithuanian films are receiving more and more recognition at international film festivals , the...

Government lets Vilnius school work under English education program

Lithuania's government on Wednesday allowed a Vilnius-based private British school to work under the...

Two Lithuanian films to have world premieres at DOK Leipzig

DOK Leipzig , an international festival for documentary and animated film which kicks off today...

Hotel in Vilnius succeeded in prestigious Surface Travel Awards

The 17th-century mansion-turned-hotel located in Vilnius Old Town was named the winner in the large...