The new development center of the Wika Group, built at its headquarters in Germany, has been completed. The investment represents approximately €50 million and will boost the development of measurement solutions for Industry 4.0. This development center is the biggest investment in innovation in the company's 75-year history. The modern complex covers a total area of 24,100 m2 and brings together all the departments involved in the innovation process. This investment represents for the company the opportunity to develop new products and solutions in a shorter time as well as the penetration of new markets. Thanks to the creation of the center, the development department will be reinforced with around fifty new positions in 2022, which reflects the company's growth strategy. Wika continuously invests in the expansion of its production sites around the world. Today, the group has a total of 43 subsidiaries and more than 10,000 employees.
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