In October 2024, a Swedish security company plans to relocate its U.S. headquarters to Plano’s Research-Technology Crossroads.
Assa Abloy Global Solutions announced its plans to expand its workforce with the hiring of 350 new employees at its upcoming Plano campus over the next decade.
With a global presence spanning over 70 countries, Assa Abloy is a renowned manufacturer of locks, doors and advanced security systems.
According to WFAA, the company secured a lease for 107,000 square feet of flexible space within the city's 800-acre technology and industrial park at 2925 East Plano Parkway. The current North American headquarters is situated in Richardson, at 631 International Parkway.
The Plano City Council gave the green light to an economic development incentive agreement with Assa Abloy Global Solutions during the council meeting on Jan. 22, 2024. To qualify for a grant of up to $282,000, the company is required to occupy its designated space and undertake the transfer, retention or creation of up to 166 full-time jobs by the end of October.
But the security company isn’t the only technology-based headquarters moving to Plano. As Local Profile previously reported, in October 2023, financial technology firm QuickFee shifted its North American headquarters from Santa Monica to Plano.
Recently announced Graze Inc., a California-based startup testing autonomous and environmentally friendly commercial lawn mowers, is also moving its headquarters and research center to the North Texas city. Graze plans to open its new facility in April of 2024 in Plano's Legacy business park.
"Plano's robust infrastructure, thriving tech community and strategic location provides Graze with an ideal environment to accelerate its vision of creating smarter, more efficient outdoor maintenance solutions," Mayor John B. Muns previously said. "The city's commitment to innovation and accessibility makes it a fitting choice for a company dedicated to pushing the boundaries of robotics and automation.