Those who cannot remember the past are condemned to repeat it.
~George Santayana (1863-1952)
Publicly traded Kudelski Group (SIX:KUD:S), a leading European Union cybersecurity technology company, announced today that it is complementing its Swiss location with a corporate headquarters moving from Switzerland to Phoenix this year. This deal, which has been developing for over two years, was a city-state cooperative effort, and has political and economic development leaders brimming with excitement, according to a source speaking on background ahead of the formal announcement.
The company, on its website, calls it a “complementary headquarters,” and said it’s keeping a headquarters in Switzerland, but sources say they are already working with high-level executives and support staff relocating to Phoenix. However, it said that beginning in 2017, it will report financial results in U.S. dollars rather than Swiss francs.
Kudelski leased 30,191 square feet at 5090 N. 40th St. Craig Coppola, principal with Lee & Associates brokered the deal.
The company is expected to hire around 130 people.
Kudeliski said its board of directors picked Phoenix to establish a strong U.S. foothold to showcase Swiss cybersecurity innovation and engineering. Technical teams will remain in Switzerland and work with the new Phoenix teams.
The company said “a number of employees will be invited to move to Phoenix. Internal transfers between the two sites will be favored, in order to preserve the company’s unique DNA.”
Hayley Ringle contributed to this article.
Eric covers economic development, banking and finance, infrastructure, transportation and utilities.
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Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Investment Properties in Phoenix / Tucson / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land in Phoenix / Tucson / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.
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AZREIA Market Update | March 2016
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
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Timeline of Phoenix, Arizona history
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Facts of Arizona – year 1848 to 2013
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
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Walter Unger CCIM
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