Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Norwegian business software and services provider Visma intends to create at least 50 new jobs in its Vilnius software development unit Visma Lietuva by the end of 2018. Currently the company employs 318 employees. Visma Lietuva was set up in 2011 and was assigned the function of a low-cost development centre by the parent company in 2012.
Visma Lietuva belongs to Visma Group which has recently signed a letter of intent to acquire 100% of the shares of Dutch HR software company Raet. Visma Group has 6,700 employees and its net revenue amounted to €985 million in 2017.
Eurofound (2018), Visma Lietuva, Business expansion in Lithuania, factsheet number 94300, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94300.