The company plans to open a center for the production of smart metering solutions in the second quarter of this year, including systems for metering electricity and water, distribution automation solutions, solar inverters, batteries, and electric vehicle chargers.

"With this state-of-the-art facility, we are defining the future of industrial and logistics spaces and features, which perfectly aligns with our commitment to innovation, sustainability, and customer satisfaction, aiming to set new standards in the logistics and industrial sector," said Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth.

The company anticipates that the facility operated by Hexing Technologies Europe will create valuable job opportunities, with the support of the local government through state aid initiatives aimed at encouraging job creation, say officials from the real estate consultancy company CBRE Romania, which advised Hexing in the transaction.