Electrical engineering firm Ingeteam has announced it has opened a new subsidiary in Australia in a bid to target the renewable energy market in the country, including hydropower.
The move is in line with the company's plans to expand abroad and seek new markets, with Oceania the only continent in which Ingeteam had no facilities.
Other sectors the company is hoping to target include the mining and railway industries, and it also said that has the necessary technology to help develop smart grids in the country.
The new subsidiary is located on the Innovation Campus of North Wollongong, in New South Wales. The Australian branch is added to the company's offices in Germany, the Czech Republic, China, Brazil, Mexico, US, Italy, France, Chile, Poland, South Africa and India.
