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The Boston Globe

Business

Schneider Electric to open R & D center in Andover

Schneider Electric, a multinational energy management company, is investing tens of millions of dollars to build a global research and development center in Andover by the end of this year.

About 730 people, relocated from existing Schneider facilities in Massachusetts, will work in the 235,000-square-foot R&D center when it opens in December. Schneider executives said they expect to steadily increase employment there in coming years.

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