Rohde & Schwarzis investing SG$85 million ($68.6 million) in Singaporeover the next three years to firm up its strategic operations.
Part of the investment is a SG$58-million ($46.8 million) building at Changi Business Park,which will be the first global hub outside the company’s headquarters in Germany.
With an area of 12,747 square meters, the new facility will house two important entities -- namely Rohde & Schwarz Asia which serves as a global hub for R&D, engineering and production, and Rohde & Schwarz Regional Headquarters which manages the businesses in Asia Pacific, Middle East and Africa.
Also, R&Sis injecting additional share capital in wholly-owned subsidiary, Rohde & Schwarz Asia, a move meant to further enhance its global footprint and to fortify its presence in the Eastern Hemisphere.