Transportation company opens new headquarters in Chesapeake
INIT Innovations in Transportation Inc. will celebrate the completion of its new North American headquarters in Chesapeake on Thursday, Aug. 3.
The 11 a.m. ceremony at the $12.5 million, 67,000-square-foot facility at 424 Network Station will include tours. The building, on eight acres at the Oakbrooke Business and Technology Center, was completed in June.
The goal was to allow INIT to establish deeper roots in the North American market and to integrate formerly separate operations under one roof.
The new facility consolidates INIT's warehouses, operations, and two manufacturing firms — Total Quality Assembly LLC and Superior Quality Manufacturing. Altogether, the building has 20,000 square feet of manufacturing space, 20,000 square feet of office space and a 27,000 square-foot-warehouse. It houses about 90 employees, including 20 manufacturing workers.
“We are very excited to finally have our entire operations under one roof. This modern facility allows us to better serve our North American customers,” Roland Staib, INIT’s president and CEO, said in a statement.
With its headquarters in Karlsruhe, Germany, INIT first established its North American headquarters in Chesapeake in 1999 with a staff of five. The company is a major supplier of integrated electronic fare collection systems for public transit.