National Instruments celebrates its 15th Hungarian anniversary with a significant expansion

National Instruments celebrates its 15th Hungarian anniversary with a significant expansion

National Instruments (NI) has announced an investment of USD 20 million and in addition to this, the creation of 210 new jobs at the company's Debrecen premises. The announcement took place at the celebratory event on the occasion of the company's 40th and the Debrecen subsidiary's 15th anniversary of creation. The first overseas manufacturing facility of NI has found a true home in Debrecen and has become the most important manufacturing unit of the company. In the last 15 years, NI's subsidiary in Debrecen has grown into a genuine knowledge centre in Eastern-Hungary.

Decision makers of NI and the Hungarian Government

National Instruments (NI) was founded in 1976 in Austin, Texas. In the course of the last 40 years the company has become the leader in the field of computer-based instrumentation applied by engineers, researchers and developers worldwide in the field of industrial measurement and automation, as well as education and research. NI currently employs over 1200 people in Hungary and the majority of the company's total hardware manufacturing takes place in Debrecen. The Debrecen subsidiary has manufactured its ten-millionth product this year and the overwhelming majority of these products are exported to foreign countries. National Instruments concluded a Strategic Partnership Agreement with the Hungarian Government in 2013.

'At the beginning of this year, we made a decision about a significant investment in Debrecen' – remarked Alex Davern, COO, CFO, and Executive Vice President of National Instruments Corporation. 'As a result of an acquisition, a cutting-edge technology, worth of almost HUF 30 billion is being transferred to Debrecen, and hence the Debrecen subsidiary becomes the manufacturing and knowledge center of the systems related to the technologies of near-field communication (NFC) and wireless charging.'

The Executive Vice President, who will become Chief Executive Officer and President from 1 January 2017, emphasized that as a testimony of NI's long-term plans in Hungary, a nearly 20 million investment will be made in the Debrecen site for the development of their R&D, IT and manufacturing capacity, for the establishment of a new, 4th building and for the expansion of NI's global shared service center capacity. Due to the project, 210 new, high value-added jobs will be created. Nearly 95% of the prospect employees will hold a higher educational degree and will be able to speak English and other foreign languages. Alex Davern expressed his appreciation for the assistance and the significant support provided by the Hungarian Government and the Hungarian Investment Promotion Agency related to the project.

László Szabó, Deputy Minister of Foreign Affairs and Trade holding his speech

László Szabó, Deputy Minister of Foreign Affairs and Trade holding his speech

Dr. László Szabó, Deputy Minister of Foreign Affairs and Trade added: that the Hungarian Investment Promotion Agency had closed 13 projects from the United States with positive decision during the first 9 months in 2016 which would mean around HUF 120 billion capital investment and secure living for more than 3000 people. National Instruments Corporation’s new investment is one of these success stories.