Top Investments in Hessen 2020

January 2021

Google is Building New Data Centers in Hessen

The rapid digitalization developments in everyday life as well as in science and research call for an expansion of the technical infrastructure in the form of high-performance data centers.

Google is expanding with three projects in the FrankfurtRheinMain region and is looking for more space. The company has purchased two properties in Erlensee/ Main-Kinzig County (250,000 square meters, 50-60 jobs) and in Dietzenbach/ Offenbach County (around 58,000 square meters). The construction of data centers is planned at both locations. The US project developer Hillwood was commissioned for the construction in Erlensee and the laying of power lines has already begun.

Additionally, Google rented 4,600 square meters of office space for around 200 employees in April 2020 at Opernplatz in the Global Tower.

Almost forty percent of all capacities in German colocation data centers are located in Hessen, and Frankfurt has DE-CIX, one of the world’s largest internet nodes. The generally good accessibility of the region also makes Hessen attractive for large IT companies such as Google.

US Online-Company Wayfair Invests in New Logistics Center in Lich

Wayfair, one of the world’s largest online destinations for the home and every items which has something to do with the home, decided to invest in Hessen.

This greenfield investment of EUR 100 Million on a total area of 200,000 square meters will create 90,000 square meters floor space for logistics.  About 500 new employees will be hired.

Wayfair Inc.. founded in 2002, is an American e-commerce company that sells furniture and home-goods.  Their digital platform offers 14 million items from more than 11,000 global suppliers. The online company is headquartered in Boston, Massachusetts.

Construction site for Wayfair © Manfred Henss

AMG Invests in Battery Pilot Plant

The Dutch AMG Advanced Metallurgical Group N.V.  announced in November 2020, that AMG Lithium GmbH Frankfurt has invested in a solid state battery (SSB) pilot plant to complement its state-of-the-art battery materials laboratory located in Frankfurt, Germany.

SSBs are on the verge of revolutionizing the lithium battery market for electric vehicles by enabling an increase in energy density on the battery cell level. In addition, compared to conventional lithium-ion batteries, SSBs have better safety characteristics due to their utilization of solid electrolytes.  Our team of experts has developed a unique proprietary process to manufacture customized sulfidic solid electrolyte materials.

AMG is a global company with about 3,000 employees worldwide.

Volvo Dietzenbach Modernized

Volvo is strengthening its presence in Germany: After extensive new construction and renovation work, the traditional Volvo location in Dietzenbach, Hessen, with the Consumer Relations Center and the Competence Center is now fully functional.

On the 24,100 square meter area with two building complexes and large open space, a new service center has been built over the past year and a half and the existing training center has been extensively modernized.

With an investment in the high single-digit millions and the establishment of around 200 jobs, the German importer of the Swedish premium automobile brand is setting the course for future tasks in these important areas as well.

Swedish Klarna Opens New Office in Giessen

Internet service provider Klarna has inaugurated its new rooms in the old telegraph office and in a  new building beside it in Giessen. After decades of vacancy, the old building is being used again, and thus, history and future are connected there in a special way. Due to the corona crisis, employees followed the opening from their home office via video conference – the internet service provider decided not to hold a celebration because of the pandemic.

The rooms at the previous location in Linde not far from Gießen had not enough space. A technology mile is now being built in the Gießen train station area, also with the arrival of Klarna. The Internet service provider not only establishes new technologies, but also forms of work, such as the „New Work philosophy“.

Klarna is one of the globally responsible payment providers and a licensed bank that maintains the payment experience for buyers and merchants. Headquarter of Klarna is Stockholm, Sweden.

Klarna opening © Falk

Posco Europe Moves to Hessen

After more than a quarter of a century in North Rhine-Westphalia, POSCO moved its office to FrankfurtRheinMain, following LG Electronics’ similar move three years ago. Now all famous Korean companies are united in FrankfurtRheinMain. From its location in Eschborn the company will monitor the European market and its European subsidiaries. The number of jobs created is 30.

Founded in 1968, Pohang Iron and Steel Company (POSCO) is a South Korean steel company with headquarters in Pohang. The company is the 4th largest in Korea by turnover (2019) and one of the largest steel producers in the world. It has several locations worldwide and employs about 30,000 people.