On September 26, 2017, Siemens announced it would be investing more than $20 million each year to develop a research and development hub in Chicago. The hub will focus on the development of cloud and IoT related applications to aid the company’s building management and automation platforms. The company’s Building Technologies CPS Software House will operate as a global software development competence center.
New applications for the company’s Control Products and Systems technology will attempt to further transform the building technologies industry. The independent facility will leverage the talents accessible in the tech and startup community in Chicago. The city just happens to be one of the top 10 tech hubs in the world.
The company expects the facility to open sometime in early October of 2017. The facility will be housed by more than 100 employees. These workers will devote their time to building new capabilities and products for the company’s Desigo CC and System One platforms. At this point in time, Siemens employs roughly 3,300 workers in Chicagoland. The location is also home to Siemens’ Chicago headquarters.