Posts Tagged ‘Teltonika’

ALEX Kaunas Innovation Park has welcomed its first greenfield investor – Teltonika, one of the strongest high-tech group of companies in Lithuania, is strengthening its presence in Kaunas. The company has chosen Kaunas as a new destination for its strategic growth. A conclusion of an investor agreement has been followed by Teltonika’s application for lease of a 4-hectare site.

It’s official: the first greenfield investor at ALEX Kaunas Innovation Park becomes Teltonika – a leading Lithuanian technology group, known worldwide for developing and manufacturing cutting-edge B2B Internet of Things (IoT) solutions. The Lithuanian-owned company, known for its industrial networking equipment, telematics solutions, EV charging stations, and telemedicine devices, is planning to open a new Technology Centre in Kaunas and has already taken steps to lease a 4-hectare site for the project.

“Teltonika has been operating in Kaunas for more than 20 years, and during this time we’ve built a strong and globally recognised business niche in networking equipment. With a talented team of engineers and a supportive environment for growth, we are ready for a major step forward – investing over EUR 34 million into a 15,500 m² technology centre that will become a hub of modern laboratories, automated production lines, and spaces for developing new innovations,” – says Arvydas Paukštys, founder of the Teltonika group.

Read full announcement (external link)

Originally published on 10 Dec