The company has also signed a memorandum of understanding (MoU) with the Budapest University of Technology and Economics (BME) to work more closely on 5G technology.
The new office was opened by Ericsson’s President and CEO Börje Ekholm (above, left) and Hungarian Prime Minister, Viktor Orbán.
Over 1,700 of Ericsson Hungary’s 2,000 employees work at the site, located in Budapest’s university area on the banks of the River Danube. The R&D lab has over 1,400 employees, while the remainder work in service delivery, sales and business area roles. The 24,000 square metre facility was built as part of the R&D Park of the Hungarian Nobel Laureates.
“Ericsson has a strong commitment to Hungary. The continuous growth of the local R&D organization builds on excellent results achieved by Hungarian researchers and engineers, such as the development of Ericsson Expert Analytics, our real-time analytics solution," said Ekholm. “This talent, strong local presence, and our track record enables us to be the main and reliable partner in the development of 5G in Hungary. The MoU with Budapest University of Technology and Economics is also great news for local innovation and cooperation. In addition to research results, it will enhance our reputation among students and strengthen BME’s attractiveness as a place of study.”
The headquarters building was constructed using sustantinable energy, materials and water designs to meet the international LEED Gold standard.