June 2025
Announcements
Richemont Group opens tech hub in LisbonGrupo Riche in Porto
May 2025
Richemont, owner of luxury Maisons like Cartier, Van Cleef & Arpels, and Montblanc, has chosen Lisbon for its first tech hub outside Switzerland, aiming to hire 400 people by 2028. The centre will play an important role in driving the Group’s technological transformation through the development of evolving platforms, enhancement of business applications, and advancement of data and AI capabilities, in order to evolve the luxury retail experience.
May 2025
Richemont, owner of luxury Maisons like Cartier, Van Cleef & Arpels, and Montblanc, has chosen Lisbon for its first tech hub outside Switzerland, aiming to hire 400 people by 2028. The centre will play an important role in driving the Group’s technological transformation through the development of evolving platforms, enhancement of business applications, and advancement of data and AI capabilities, in order to evolve the luxury retail experience.
Breakawai opens innovation tech hub in Porto
June 2025
Danish tech company Breakawai has selected Porto as its base in Portugal. The new Tech Hub will focus on process intelligence, AI analytics, and process improvement, supporting its growth across sectors like healthcare, manufacturing, insurance, banking, retail, and aviation. The Hub will also create high-skilled jobs in data science and digital transformation.
June 2025
Danish tech company Breakawai has selected Porto as its base in Portugal. The new Tech Hub will focus on process intelligence, AI analytics, and process improvement, supporting its growth across sectors like healthcare, manufacturing, insurance, banking, retail, and aviation. The Hub will also create high-skilled jobs in data science and digital transformation.
Expansions
Körber expands industrial footprint in Portugal
June 2025
Körber Business Area Supply Chain celebrated the groundbreaking of its newest manufacturing facility in Santo Tirso, Portugal. The site will boost Körber’s logistics and manufacturing capacity, focusing on advanced supply chain technologies and integrating mechanical, electrical, and software automation. It will also include an R&D space for innovation and prototyping. Körber plans to employ over 400 staff members, creating jobs across Customer Service, Engineering, R&D, Manufacturing, Logistics, QA, Procurement, Project Management, Solution Design, and Sales.
NKT is expanding its cable factory in Portugal
June 2025
As Europe accelerates grid upgrades to meet growing electrification needs, the Danish power cable manufacturer NKT, which acquired SolidAl in June 2024, is investing €50 million to expand capacity at its Esposende site in northern Portugal, where it currently employs 430 people. The move aligns with NKT’s strategy to unify operations under a single global brand, enhancing its market position across Portugal, Spain, France, Ireland, and the UK.
June 2025
As Europe accelerates grid upgrades to meet growing electrification needs, the Danish power cable manufacturer NKT, which acquired SolidAl in June 2024, is investing €50 million to expand capacity at its Esposende site in northern Portugal, where it currently employs 430 people. The move aligns with NKT’s strategy to unify operations under a single global brand, enhancing its market position across Portugal, Spain, France, Ireland, and the UK.
HBK Porto inaugurates new site
June 2025
HBK FiberSensing, a division of the British company HBK (Hottinger Brüel & Kjær), inaugurated a new facility in Porto area. Opened in May 2025, the new site is five times larger than the previous one and will serve as a key European hub for OEM sensor production and strain gauge finishing. HBK FiberSensing specializes in fibre optic sensing and structural monitoring solutions, supporting industries such as aerospace, energy, and civil engineering.
June 2025
HBK FiberSensing, a division of the British company HBK (Hottinger Brüel & Kjær), inaugurated a new facility in Porto area. Opened in May 2025, the new site is five times larger than the previous one and will serve as a key European hub for OEM sensor production and strain gauge finishing. HBK FiberSensing specializes in fibre optic sensing and structural monitoring solutions, supporting industries such as aerospace, energy, and civil engineering.
AstraZeneca is establishing a Global Hub in Lisbon
May 2025
AstraZeneca is investing in a new Global Hub in Lisbon, reinforcing its commitment to become a strategic hub at Group level. The new hub will provide a range of key services including Project Management and Process and Analytics; Contracting and Legal; HR Service and Procurement. The company highlights Lisbon as a growing leader in pharma and biotech, offering a rich cultural history and vibrant lifestyle, making it an ideal location for this global initiative
Consulteer opens new technology centre in Lisbon
May 2025
The Swiss consulting company Consulteer has announced the opening of a new office in Lisbon, reinforcing its organic growth in Europe and building on the success of its existing presence in Porto. The city was chosen for its vibrant technology hub, strong entrepreneurial and innovation ecosystem, leading tech universities and stable economic environment.
Dashlane expands in Lisbon with new office
May 2025
French software company Dashlane opened a new office in Lisbon, reinforcing its commitment to Portugal as a key growth hub. After eight years and 100 hires, the company plans to expand further, with ongoing recruitment in Engineering, Product, and Customer Support. CEO John Bennett praised the local talent and tech ecosystem as key drivers of this long-term investment.
INDUSTRY HIGHLIGHT
New report: Business Service Centres in Portugal
AICEP has just released the third edition of the Business Services in Portugal Report 2025. In this year’s edition, Portugal continues to demonstrate a remarkable growth, reinforcing its position as a leading nearshore destination. Currently home to 260 service centres, the sector employs around 100,000 people and has recorded an average annual growth rate of 14% since 2015. This edition stands out for featuring 8 case studies – Airbus, Amgen, Ferring Pharmaceuticals, Génération, H.B. Füller, Mercedes-Benz.io, Philip Morris International, Volkswagen Digital Solutions -, and for providing a deep dive into the impact of emerging technologies—especially AI—and ESG initiatives.
Ask your Report here: investinportugal@portugalglobal.pt
June 2025
AICEP has just released the third edition of the Business Services in Portugal Report 2025. In this year’s edition, Portugal continues to demonstrate a remarkable growth, reinforcing its position as a leading nearshore destination. Currently home to 260 service centres, the sector employs around 100,000 people and has recorded an average annual growth rate of 14% since 2015. This edition stands out for featuring 8 case studies – Airbus, Amgen, Ferring Pharmaceuticals, Génération, H.B. Füller, Mercedes-Benz.io, Philip Morris International, Volkswagen Digital Solutions -, and for providing a deep dive into the impact of emerging technologies—especially AI—and ESG initiatives.
Ask your Report here: investinportugal@portugalglobal.pt
Recognition
Three Portuguese universities in FT Executive Education Top 50
June 2025
Three Portuguese institutions — Nova SBE, Católica Lisbon, and University of Porto – FEP | Porto Business School — have been ranked among the world’s Top 50 in the Financial Times Executive Education Open 2025 ranking, reinforcing Portugal’s global standing in executive training.
June 2025
Three Portuguese institutions — Nova SBE, Católica Lisbon, and University of Porto – FEP | Porto Business School — have been ranked among the world’s Top 50 in the Financial Times Executive Education Open 2025 ranking, reinforcing Portugal’s global standing in executive training.
Portugal among world's most peaceful nations
June 2025
Portugal ranks as the 7th most peaceful country in the world and 5th in Western and Central Europe, according to the 2025 Global Peace Index. The country has maintained a top-10 position for nearly a decade, reflecting its strong performance in security, low levels of militarization, and commitment to peaceful international relations.
Events
Portugal's bicycle industry in the spotlight at international conference
May 2025
The international conference “The Two-Wheel Sector in Europe: Present and Future”, held on 28 May at BIKiNNOV - Bike Value Innovation Centre Association in Águeda, highlighted innovation in Portugal’s two-wheel sector and its shift from OEM to ODM models. Organized by ABIMOTA, the event gathered industry leaders and experts from across Europe, including speakers from Conebi, ZIV, and AMBE. A panel featuring SRAMPORT, Triangles, Decathlon, Polisport, Rodi, and the University of Coimbra.
May 2025
The international conference “The Two-Wheel Sector in Europe: Present and Future”, held on 28 May at BIKiNNOV - Bike Value Innovation Centre Association in Águeda, highlighted innovation in Portugal’s two-wheel sector and its shift from OEM to ODM models. Organized by ABIMOTA, the event gathered industry leaders and experts from across Europe, including speakers from Conebi, ZIV, and AMBE. A panel featuring SRAMPORT, Triangles, Decathlon, Polisport, Rodi, and the University of Coimbra.
Did you know?
Airbus and Critical Software start collaboration
Airbus and Portuguese company Critical Software have signed a Letter of Intent to create a joint venture focused on developing embedded, safety-critical software for aerospace applications. The initiative aims to strengthen long-term capabilities in avionics, cabin systems, and connectivity, responding to the growing complexity and digitalisation of aerospace systems. The proposed venture would bring together Airbus’ aerospace leadership and Critical Software’s expertise in certified embedded software.
Neoen has inaugurated Portugal’s largest solar park
Neoen has inaugurated Portugal’s largest solar park, a 272MWp installation comprising the Rio Maior (204MWp) and Torre Bela (68MWp) solar farms near Azambuja. Fully operational since late 2024, the facility generates over 500GWh each year, enough to power 110,000 households.
Neoen has inaugurated Portugal’s largest solar park, a 272MWp installation comprising the Rio Maior (204MWp) and Torre Bela (68MWp) solar farms near Azambuja. Fully operational since late 2024, the facility generates over 500GWh each year, enough to power 110,000 households.
What they say
The strong talent base and continued growth of Portugal’s tech ecosystem have given us all the ingredients we’ve needed to build a world-class workforce. The opening of a new office is not only a milestone in our growth but also a reaffirmation of our long-term commitment to the national technology community.CEO John Bennett
