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Ericsson inaugurates Budapest headquarters
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Swedish networking and telecommunications company Ericsson inaugurated a new headquarters and R+D centre in Budapest on Tuesday.
The headquarters, dubbed Ericsson House, was inaugurated by Ericsson chairman-CEO Borje Ekholm and Prime Minister Viktor Orbán.
More than 1,700 of Ericsson Hungary’s 2,000 employees work at the site on the banks of the Danube, and over 1,400 of these staff are R+D-focused.
Ericsson also signed a memorandum of understanding with the Budapest University of Technology and Economics (BME) to extend a collaboration aimed at long-term close cooperation in education, research, and innovation.
“Ericsson has a strong commitment to Hungary. The continuous growth of the local R+D organisation builds on excellent results achieved by Hungarian researchers and engineers, such as the development of Ericsson Expert Analytics, our real-time analytics solution,”
Borje said.
Orbán noted that Hungarians, as well as the Swedes, had been pioneers in the telecommunications industry in Europe, referring to Tivadar Puskás, the Hungarian inventor of the telephone exchange. He added that Ericsson had been the first foreign investor in Hungary’s telecommunications industry, entering the market in 1911.