ABB ABB Ltd

   By Max Bernhard 
 

ABB Ltd. (ABBN.EB) said Friday that it plans to invest 100 million euros ($122.6 million) in a research and training campus in Austria and expects to create around 1,000 jobs in the country.

The investments comes a year after ABB bought machine and factory-automation company Bernecker & Rainer Industrie-Elektronik GmbH, which is based in Eggelsberg, Austria, where the campus will be built.

At the new research and development facility, ABB plans to develop automation technologies and to train partners and employees, it said. It is expected to open in 2020, ABB said.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

April 06, 2018 06:15 ET (10:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.