Energy, automation giant, ABB Group, to invest $70M in Technoparc Montreal facility
Investment will bring company's Canadian R&D, manufacturing, assembly and testing under one roof
MONTREAL—One of the most prestigious tech hubs in the country will be welcoming another major player.
Swiss-based energy and automation giant, ABB Group has announced it will establish a $70 million, 300,000 square-foot facility in Technoparc Montréal. The company said the investment, which will span 10 years, will consolidate ABB’s Quebec energy value chain under one roof, housing a corporate headquarters, research and development, manufacturing, assembly and testing facilities. ABB’s 700 employees, currently spread across Montreal, are expected to move into the new facility in March of 2017.
“This project, which is part of our 2020 global strategy, aims to promote greater collaboration, and increase efficiency and organizational synergy between teams,” Nathalie Pilon, president and CEO of ABB Canada, said. “The investment will allow us to continue improving our operational effectiveness and contribute to the development of cutting-edge technology in collaboration with our business partners, and with the academic and research sectors with whom we have long collaborated.
“It also underscores our ongoing commitment to the city of Montreal and to the local market,” she added.
The company said the new campus will include spaces for technological demonstrations, clients training areas, and ultra-modern manufacturing equipment.
Construction of the facility, entrusted to construction firm, Broccolini, began in early September and is expected to be completed in February of 2017.