Texas-based Flowserve, an industrial and service-providing corporation will establish a new R&D centre in Budapest, following its BSC in Debrecen, building on the skills of Hungarian engineers. Investing over EUR 10 million, the company will establish an engineering Center of Excellence which will provide for product development, product testing and engineering service functions.
Established in 1997, Flowserve designs and produces systems of industrial pumping, industrial fittings, control valves, nuclear valves, and precision mechanical sealings and provides various related management services targeting mainly the processing industry. In order to provide professional services for its clients, the Texas-based company employs some 18,000 people at 245 locations in 55 countries worldwide.
In 2016, Flowserve opened its business service centre (BSC) in Debrecen where it employs some 200 associates to provide financial and accounting services in seven languages for countries of the North American and EMEA (Europe, Middle-East and Africa) region.
The new Budapest centre of the company will serve as a key resource in researching and developing innovative product solutions, by applying cutting edge technologies. The unit starts operating with 30 engineers and plans to steadily increase its workforce, which may thus exceed a 100 people in the future. This team of engineers will focus on incorporating leading edge technologies in fluid dynamics, tribology, rotodynamics and mechatronics into our products, while applying best practices for manufacturability and assembly. Flowserve was looking for a site all over Europe before opting for Budapest.
Tesco has chosen Budapest to host its new business services centre (BSC) supporting its operations in the Central European region. The new Center of Excellence unit of the British retail trade company that will fulfill IT technology, financial and HR-related functions will start its operation in April, creating some 800 high value-added new jobs in the upcoming years. With its brand new investment, the UK-based company enters another sector in Hungary. The consolidated regional business services centre (BSC) will create 800 new positions in the fields of payroll accounting, labour administration, product sales administration, customer service and supporting functions related to the IT area.
Swiss company Business Investigation SA, creator and developer of the GPS analytical platform for major applications based on artificial Intelligence (AI) and machine learning (ML), has launched its sister company in Tallinn. The branch will be covering sales and service in the Baltic States, the Nordic countries and in Central Europe. In addition, the Swiss company is moving its research and development centre to Tallinn, thus creating dozens of jobs for top AI and ML specialists over the coming years Business Investigation SA (BI) lists the competence found in Estonia and its well-developed e-state ecosystem as the primary reasons for moving here. “In addition, we are certainly interested in looking for future cooperation opportunities with Estonian government agencies that are known to be the most digitally advanced institutions in the world. The development of our GPS application, based on artificial intelligence and machine learning, integrated within the Estonian excellent platforms would certainly be mutually beneficial,” said the CEO of Business Investigation, Bruno Ciroussel hinting at company’s interest in leveraging from cooperation with Estonian government agencies.
With headquarters in Gland near Geneva, Business Investigation’s GPS platform development is a cooperation with the Swiss Federal Institute of Technology in Lausanne and the School of Business and Engineering Vaud in Yverdon as Business Investigation’s founders and main shareholders Bruno Ciroussel and Marc Lecoultre are artificial intelligence and machine learning professors in those world renowned top-level universities. The technology marketed by Business Investigation has been in development for almost ten years, and the company has reached the stage of product development that allows to present its business case globally. To date, Business Investigation has expanded to France, Germany, Italy, Chile, Egypt, Tunisia, India and China. Tallinn will now be taking a central role in this network as Business Investigation’s IT development centre, where GPS – their core product - will be developed in the future.
Lecoultre explained that “GPS is an AI-based solution which uses machine learning for analysing work processes helping to optimise them and decrease a company’s or government agency’s costs as well as energy and time consumption”. The function of GPS software lies in forecasting scenarios and identifying linearities in processes and flows, providing its users with information that supports more rational decision-making.
“This year, we are looking to hire between twelve to fifteen people in Tallinn and recruiting here will definitely continue due new markets and rapid growth,” Lecoultre expects.
Marketing technology company Supermetrics choses Vilnius due to availability of PHP programers and cultural fit. Plans involve hiring 50 to 100 FTE over the next 3 years.
Arvato Financial Solutions plans to add 30 new FTEs in Vilnius, taking the headcount to over 100. The centre has recently added cyber security to its long standing payments capabilities.
Nearshoring and IT BPO firm Atos continues its torrid growth with plans to hire another 550 in Bydgoszcz, its HQ city for Poland.
DeepSense - new AI investor in Bydgoszcz
Deepsense.ai, which develops commercial machine and deep learning projects, is opening an office in Bydgoszcz, and seeking to hire world-class data scientists. The firm works on multiple deep learning, computer vision and NLP projects.
327 top execs from 81 Business Services Centers across CEE attended the 7th annual CEE Business Services Awards Gala (held in Warsaw, 31st January 2019), from 23 countries.
110 top companies were Short-Listed Companies: http://ceeoutsourcingawards.com/short-list-2019/
In a tough competition among world-class firms, our 28-member VIP Jury distinguished the following 25 companies: www.CeeOutsourcingAwards.com
This 7th annual event, MC’ed by Thom Barnhardt of CEE Business Media, attracted a multitude of international guests from across the CEE region, including Hungary, Lithuania, Latvia, Romania, Czech Republic, Slovakia, Ukraine, Bulgaria, Moldova, and Poland. Additional guests came from UK, USA, Germany, Austria, Holland, Belgium, France, Switzerland, Sweden, Finland, Spain, Italy, Australia, and India.
Gallery of Winners here:
Blockchain opens in Vilnius
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11th annual CEE Business Services Awards
Build it or Buy It?: Outsourcing in Poland and Central Eastern Europe
BSC Directors VIP WineTastings, June-September 2023
BSC Charity Beach Volleyball Tournaments - June and August 2023