aicep Portugal Global
 
INVEST IN PORTUGAL
OCT. 2021
 
 
 
 
Announcements
 
BorgWarner invests in a new electrification plant in Portugal  
 
data
OCTOBER 2021
 
header
 
Automotive supplier BorgWarner (US) began the construction of a new plant in Viana do Castelo, Portugal, where the company plans to produce electrification products such as electric motors, inverters and battery management systems to serve a wide range of global automakers in Europe. The 17,000 sq.m. facility will house different functions including operations, engineering, quality and purchasing and is expected to create about 300 new jobs.
 
 Saiba Mais 
 
PagerDuty expands international presence in Lisbon
 
data
october 2021
 
Technology company PagerDuty, based in San Francisco, announced its expansion to Lisbon, serving as an important cross-functional hub of innovation and development. The company expects to hire up to 100 highly-skilled professionals in Lisbon by the end of 2022.
 
 Saiba Mais 
 
 
 
Issuu Expands International Footprint with New Office in Portugal
 
data
september 2021
 
Issuu Inc. announced the opening of a new office in Braga, Northern Portugal, where the company found a “burgeoning hub for technology innovation” and plans to hire local software engineers and product managers to work on the company’s content publishing and marketing SaaS platform.
High availability of technical talent, the startup ecosystem, synergies between companies, local government support and the innovation-driven University of Minho were among the main reasons why Braga was chosen for this new operation.
 
 Saiba Mais 
 
Google and Portugal sign concession contract for installing new Submarine Cable to connect Portugal to South Africa
 
data
september 2021
 
The Equiano subsea fibre optic cable, an investment by Google Corporation, will connect Portugal to South Africa and should be operating in 2022.
As further positioning Portugal as Europe’s gateway to next-generation digital connection, the aim is to create unique opportunities for the country and faster access for European companies to the American and African markets.
 
 Saiba Mais 
 
 
 
 
Industry highlight
 
Portugal: A Top Tech Destination | Report
 
header
 
Investment in highly specialized and technological Competence Centres has been particularly relevant in Portugal and has shown steep growth in the latest years.
Learn about companies that invested in Portugal, namely, Alten, Amgen, BMW, CI&T, HCL Technologies, Hitachi Vantara, Lockwood Publishing, Metyis, Nfon, Springer Nature, Tridonic and Webhelp.
 
 Saiba Mais 
 
 
 
 
M&A
 

 
South Korean CS Wind acquired 60% stake in ASM Industries, which manufactures steel equipment/components mainly for onshore and offshore wind industry.
 


Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup specialized in technology solutions for B2C warehousing.
 


US company Stafford Crane Group acquired Portuguese tower crane manufacturer Soima Cranes.

 
 
 
 
did you know
 
Porto and Lisbon among TimeOut’s best cities in the world


Time Out Index city-dwellers elected Porto and Lisbon among the 37 best cities in the world in 2021.

read more
 
 
RECOGNITION
 
“Portugal Sardine Capitalism Is A Model For The World”


Foreign Policy publication considers that “Portugal has found a formula for maintaining Western Europe’s most reasonable cost of living, relatively low unemployment, steady economic growth, and general public contentment in an age of polarization.”

read more
 
 
ACHIEVEMENT
 
Portugal up 3 places ranking 34th in IMD’s World Digital Competitiveness Ranking 2021


Portugal stands out in the sub-factors Communications Technology (#11), Graduates in Sciences (#12), Immigration Laws (#3) and Digital/Technological skills (#14).

read more
 
 
 
 
Saiba Mais
 
Lisbon’s entrepreneurial culture, strong university programs and local tech ecosystem support our aspirations to become the operations cloud for the modern enterprise, and we are excited to build both our presence in Portugal to continue to grow our business in Europe.
 
 
Saiba Mais
Jennifer Tejada, Chair and CEO PagerDuty
 
 
 
 
Join us

facebook twiter linkedin youtube vimeo


www.investinportugal.pt
aicep Portugal Global
Portuguese Trade & Investment Agency
investinportugal@portugalglobal.pt
If you want to stop receiving this email, click here.
Privacy policy