# LEM to invest in new Geneva HQ and Malaysia production facility

LEM announced investments in a new global headquarters in Geneva (CHF 10 million) and a new production facility in Malaysia, to open in 2021. The HQ changes will result in 21 job losses in Geneva.

- Type: Expansion
- Announced: 2020-01-23
- Where: Geneva, Switzerland, Switzerland
- Value: $10.2M (10.0M CHF)
- Jobs: -21
- Starts operating: 2021
- Status: announced
- Products: electrical measurement devices
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LEM Holding SA](https://endata.com/companies/44753.md)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2020-01/48670080-lem-holding-sa-lem-announces-new-initiatives-for-operations-in-switzerland-and-in-malaysia-353.htm), 2020-01-23: "The investments we are announcing today demonstrate how LEM is anticipating and adapting to changes in our markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.