INIT to move and expand North American headquarters
INIT Innovations in Transportation Inc., a provider of intelligent systems for public transit, plans to move and expand its North American headquarters in Chesapeake.
The company will consolidate its administrative offices, two manufacturing firms and warehouse operations in a new 70,000-square-foot facility in the Oakbrooke Business and Technology Center.
GO-1 LLC., an affiliate of INIT, has signed a contract with the Chesapeake Economic Development Authority for eight acres of land to develop the facility.
Groundbreaking on the site is scheduled for April. The building is targeted for completion in March 2017.
INIT’s existing North American operations are located in Chesapeake’s Greenbrier Business District. It includes the company’s two manufacturing firms, Superior Quality Manufacturing LLC (SQM) and Total Quality Assembly LLC (TQA), and warehouses.
The new offices will house INIT’s staff, including its engineering, development, sales, customer support, information technology, project management and administrative departments. INIT, TQA and SQM currently employ approximately 70 people.
The company’s North American headquarters has been in Chesapeake since 1999. It has moved four times to larger spaces during the past 16 years.
INIT’s parent company, INIT Group, is based in Karlsruhe, Germany.