Global automation specialist Schneider Electric announced this month it will invest more than $72 million to bolster its presence in Singapore. The funding will be used to establish a software industry solutions center and a software regional hub, a new East Asia headquarters and a regional control tower for network logistics, analytics and transportation.

“Schneider Electric is pleased to expand its substantial operations in Singapore with new investments committed to support the country with energy management, automation and software technologies, helping make it an exemplary smart city state with smart industries and smart datacenters”, says Jean-Pascal Tricoire, chairman and CEO of Schneider Electric.