Spanish technology company Ingeteam has unveiled its strategic plan for 2022-2024, which anticipates the creation of 1000 new jobs, including 100 in research and development (R&D).
The company currently employs 4100 people and the workforce is expected to reach 5100 by the end of 2024.
In addition, it has announced a turnover objective of nearly €1bn for 2024, which would represent 44% growth in turnover.
Ingeteam said the 2022-2024 strategic plan constitutes the roadmap that will take its to the “next level”.
The company added that it has implemented matrix management, with a customer-focused sector orientation, to drive sales of its full range of products, systems and services.
It has complemented this sectoral organisation with eight functional areas and three technological segments – electric machine, converters and control, and services.
Ingeteam said: “The renewable energy market is set to grow rapidly in the coming years and with its new Strategic Plan Ingeteam aims to position itself as a key player in the energy transformation.”
It added that the company closed its 2019-2021 strategic plan having achieved 97% of its turnover objective, which was below target, weighed down by the effects of the pandemic, the rise in the cost of energy, the cost of insurance or the rise in the cost of raw materials and global logistics.
Ingeteam met 100% of its R&D investment objectives, investing €103m in the period, and has met its staffing objectives.
The company has a record order book totalling more than €800m.