“Well-educated and cost-effective engineers, together with the proximity to our existing (research and development) centers in Munich and London were key to our decision,” Tyco Fire & Security Vice President Larry Zimmermann said in a statement.
Czech government support has also influenced Tyco’s decision to move to the Czech Republic, Zimmermann said. The new centre, based in the country’s second-largest city of Brno, will initially employ 70 engineers, the company said.
Tyco follows Honeywell International which has already opened its R&D center in Brno, CzechInvest said. No financial details of Tyco’s investment in the Czech Republic were released.
