Kvaerner has established an engineering office in Trondheim. The establishment will increase Kvaerner's capacity and competence to meet the future activities, and it is part of the company's jacket strategy in the oil and gas industry. Being close to the technology and research communities in the city, as well as the yard in Verdal, make Trondheim an attractive location for establishment and expansion. Trondheim is often referred to as the "technology capital." NTNU and Sintef hold much of the credit for this. The Norwegian University of Science and Technology educates around 80 percent of all engineers in Norway. "The market prospects are good, and the Verdal yard has for the past years invested in increased capacity.