Among other things the city is home to the Technical University of Denmark, the Lyngby Boldklub soccer team, several large IT companies, financial institutions, major international engineering firm COWI A/S, and the much respected Lyngby-Taarbæk Philharmonic Orchestra.
The Danish Prime Minister's summer residence, Marienborg, is also located in the area on the shore of Bagsværd Sø (Danish, "Lake Bagsværd"). It is frequently used for official purposes, and to receive state visitors such as foreign dignitaries.
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