Siemens Mobility Expands Budapest R&D Center

German rail technology giant Siemens Mobility is expanding its research and development (R&D) center in Budapest through a series of international innovation projects, the Hungarian Investment Promotion Agency reports.

The EUR 14.7 million investment further integrates the Hungarian R&D center into Siemens Mobility’s global innovation network and contributes to next-generation rail automation solutions.

Supported by HIPA, the project creates 40 new jobs for highly skilled experts. The investment will not only strengthen local engineering expertise and promote sustainable transport solutions but also lays the foundation for further growth. The Budapest R&D center already employs more than 400 experts, working on 70 high-tech development projects.

Part of the Munich-based Siemens Group, Siemens Mobility has been a part of everyday life in Hungary since the first tram line in Budapest was launched in 1887 and has played an active role in the development of metropolitan infrastructure and public transport.

Siemens Mobility employs over 40,000 people worldwide and generated EUR 11.42 billion in revenue in the 2023/24 business year.