ABB Establishes New R&D Center in Montreal
Canadians will develop next-generation solutions for electric vehicles as a result of a $90-million investment by Swiss engineering firm ABB, which is establishing a new headquarters and research and development center in Montréal.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, welcomed the investment after meeting in Davos recently with Ulrich Spiesshofer, President and Chief Executive Officer of ABB.
The new Montreal headquarters, set to open in 2017, will maintain 700 jobs and consolidate ABB's research and development, manufacturing, assembly and testing facilities under one roof. The new facility will also house the company's North American Centre for Excellence in e-Mobility, which will focus on developing energy-management solutions for electric buses and trains.
The investment is seen as putting Canada on the map in a number of emerging technologies, such as robotics and Internet-connected devices, that will power the industrial systems of the future. The Government of Canada's Innovation Agenda aims to make the country a global center for innovation -- one that drives economic growth and leads to better skills, jobs and opportunities for Canadians.
Minister Bains and Dr. Spiesshofer discussed additional ABB investment opportunities in research and development related to the Internet of Things, robotics and the automation of food processing. The Minister expressed his commitment to ongoing engagement with ABB on investment opportunities that are intended to strengthen Canada's innovation ecosystem and create jobs for the middle class and those working to join it.
ABB is a top Swiss investor in Canada. The company generates annual revenues of $2 billion and employs more than 4,500 Canadians in 50 locations across the country.
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