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21 June, 2021updated 29 Oct 2021 11:12

Porsche opens second development location in Romania

Porsche Engineering, a wholly owned subsidiary of Germany-based luxury automotive manufacturer Porsche, has opened a new tech site in Timisoara, Romania.

By Cara Lyttle

Porsche Engineering, a technology service provider and subsidiary of Germany-based Porsche, has opened a new tech location in Timisoara. The new Timisoara facility is the company’s second in Romania, following the 2016 establishment of its Cluj-Napoca operations, and strengthens its network of innovation centres. The company initially plans to hire 50 staff this year, increasing its headcount to 200 software development and testing specialists in the medium term. The site will primarily focus on high-tech automotive projects including machine learning, automated driving functions and virtual energy management.

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by Montreal International
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Dirk Lappe, chief technology officer of Porsche Engineering, explains why the company has chosen Romania for this investment: “The tech activities of Porsche Engineering in Romania have been a great success story so far. The consistent growth with highly skilled function and software specialists in Cluj-Napoca motivated us to consider expanding to a second Romanian location.”

Porsche also plans to take advantage of the country’s academic capabilities by collaborating with the West University of Timisoara and Timisoara Polytechnical University on upcoming projects.

Free Whitepaper
img

Why Major Pharma Companies are Choosing Montreal’s Life Sciences and Health Tech Sector

Québec has one of the largest ecosystems for life sciences and health tech in all of North America, with 80% of this ecosystem located in Montréal.

Life sciences businesses in Montréal benefit from its world-class university hospitals and collaborations between industry, government and research institutes.

Some of the areas where Montréal has established world-renowned expertise include oncology, infectious diseases, neuroscience and mental health, regenerative medicine for rare diseases, precision medicine, and Big Data and AI.

Montreal’s status as an AI hub presents a considerable advantage for life sciences, providing the ability to accelerate and enhance developments.

An extensive and growing talent pool of highly qualified workers and a business-friendly taxation system are two further reasons why a series of international life sciences companies have opted to expand their operations in Greater Montréal recently.

by Montreal International
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