BUDAPEST, Hungary — Ericson’s (NASDAQ: ERIC) President and CEO Börje Ekholm, and Hungarian Prime Minister, Viktor Orbán, officially inaugurated Ericsson Hungary’s new headquarters in Budapest, incorporating state of-the-art R&D and innovation facilities in late May.
Ericsson also signed a strategic partnership with Budapest University of Technology and Economics.
More than 1,700 of Ericsson Hungary’s 2,000 employees work at the site, located in the heart of Budapest’s university area on the banks of the River Danube. Within Ericsson House itself more than 1,400 employees are R&D-focused. Their other site colleagues work in service delivery, sales and business area roles.
Ericsson House R&D center is part of Ericsson’s global R&D ecosystem. The new facility comprises state-of-the-art facilities, including a hypermodern test laboratory, Ericsson’s innovation space, and Ericsson Garage.
Ericsson also signed a strategic partnership – a Memorandum of Understanding (MoU) – with Budapest University of Technology and Economics (BME) today to extend collaboration aimed at long-term close cooperation in education, research, and innovation.
The MoU goal is to serve as a platform for strategic competence provisioning and research, providing added value to mutually strengthen BME and Ericsson.
Börje Ekholm, President and CEO, Ericsson, says: “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.
“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.”