NEWS
Construction of the largest tech hub in Europe begins in Vilnius
Vilnius , Lithuania the significance of the new technology hub for Northern Europe .
“ Tech Zity not only puts Vilnius on the tech map , but it also has the potential to become a hotspot for the regional start-up ecosystem . It marks a new stage for the development of the innovation district in Vilnius .
Work is underway on the 55,000 square metre Tech Zity Vilnius project in Vilnius , Lithuanian – set to be the largest tech hub in Europe .
Located on the site of a former sewing factory , Tech Zity Vilnius is scheduled for completion in 2027 .
The first phase , encompassing 16,500 square metres , is set to open in the summer of 2025 with 75 % of the first-phase spaces already leased or reserved .
Mangirdas Sapranauskas , Head of Business at Go Vilnius , the city ’ s official tourism and business development agency , highlighted
“ This hub , where companies from different industries can interact , is sure to foster new creative solutions . We hope to see it become a meeting place for innovators and creatives from across the region .”
The first of three phases will transform three courtyards and old factory buildings into modern offices , a conference centre , a sports and wellness club , a restaurant and co-working spaces . Upon final completion in 2027 , Tech Zity Vilnius will accommodate up to 5,000 workers .
Xtreme Motorsports accelerates Digital Transformation with Fortee cloud ERP
Xtreme Motorsports , which manufactures high-quality Performance Car Upgrades for motorsport racing , has overhauled its production thanks to an implementation of Fortee , Forterro ’ s entry-level cloud-based ERP solution , which is helping it to remain competitive and improve profitability .
The company , which specialises in Nissan GTR-R35 clutch upgrades , had previously relied on traditional tools , such as spreadsheets and extensive paperwork , to manage the different stages of production . This was highly inefficient and resulted in operational headaches and lastminute scrambles .
The implementation of Fortee marked a huge shift for Xtreme Motorsports . Fortee ’ s ability to handle optimum batch sizes and streamline complex manufacturing stages , such as in CNC machining , drastically reduced the business ’ s time and resource wastage . This shift from smaller , inefficient batches to larger and more cost-effective ones has been transformative for staying competitive .
“ It is so satisfying to be in control of everything – overseeing costings , routings , the bill of materials and the structures ,” said Antony Allsop , Business Development Manager , Xtreme Motorsports . “ It gives a sense of being on top of everything and knowing exactly where we are headed , and the business is now positioned for significant expansion and diversification over the next few years .”
Stock management and planning were major pain points for Xtreme Motorsports and meant a reactive and disorganised approach . The implementation of Fortee introduced a much more proactive strategy , enhancing control over inventory and stock levels .
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