IL: Powermatic Technologies to Locate its First U.S. HQ in Chicago, Hire 72
12 Mar, 2018
Intersect Illinois is excited to announce the first North American Headquarters for Powermatic Technologies. With similar operations in both Dubai UAE and Leuven, Belgium, this U.S. expansion will brings 72 highly skilled job opportunities to our state in the next 12-18 months.
Powermatic Technologies has chosen to locate its first footprint in the U.S. at mHub in Chicago. “Hands-down one of the best hardware-oriented startup incubators globally with state-of-the-art programs, a collaborative community and access to a diverse group of powerful mentors. We think mHub makes the perfect landing spot for us with room for immediate growth” said Hazim Al Hajjaj, Powermatic Technologies president and CEO. With access to the U.S market, Mr. Hajjaj intends to expand rapidly and plans to open the company’s U.S. manufacturing facility in 2019.
Powermatic Technologies works to develop and produce high-tech solutions and devices for power control and protection. It currently provides solutions to customers in over 45 countries through a vast distribution network.
“Intersect Illinois is always enthusiastic when an international emerging technology company chooses Illinois. Powermatic Technologies clearly communicated their need for access to top universities, soft-landing establishments like mHub and available supporting industries. With our deep talent pool and easy access to international destinations, Chicago became the obvious choice for its first North American home,” said Mark Peterson, president and CEO, Intersect Illinois.
Brent Case, senior vice president of business development for Intersect Illinois is particularly tied to this project “As the first project I worked on when I joined Intersect Illinois this is especially rewarding for me. My role was to make sure we provided Powermatic Technologies all they needed to make the best choice for their company. I am confident mHub and Chicago will be just the starting point for their U.S. presence.”
“We definitely felt welcomed and supported from the first email exchange, the folks at Intersect Illinois have done an outstanding job and continue to do so,” said Al Hajjaj. “As a business that is new to North America – Intersect Illinois sure did make it easy for us to decide that Chicago, Illinois, is our best choice."
About Intersect Illinois
Intersect Illinois works in collaboration with multiple economic development organizations throughout the state. Focusing on the state of Illinois’ economic development efforts, Intersect Illinois was established as a private entity with greater flexibility to actively pursue prospects and market Illinois.