SAP will invest 120mn reais (US$31.5mn) in the construction of a new building for its SAP LABS Latin America in the Brazilian city of São Leopoldo, Rio Grande do Sul state, according to local media reports.
SAP Labs Latin America is one of the 19 innovation centers run by SAP worldwide and the only one in Latin America.
This will be the third expansion of the facility since its inauguration in 2006. Other expansion phases took place in 2013 and 2017.
The company's goal is to hire 700 more employees by 2020, reaching a total of 1,700 employees in the unit. For 2022, the objective is to reach 2,000 people working in the center.