Schneider Electric has announced the grand opening of its new North American R&D center — Boston One Campus — in Andover, MA. The facility will also serve as the company’s new North America headquarters and is built to house approximately 750 employees across all disciplines of the company’s business segments. Laurent Vernerey, president and CEO of Schneider Electric’s North America Operations, will relocate to the new headquarters as part of the company’s mission to drive innovation and efficiency in North America.

Designed to create an environment that encourages collaboration with customers, R&D engineers, and employees, the new campus was also built to reflect the company’s vision of sustainable design and energy efficiency. The Boston One Campus incorporates approximately $8 million of Schneider Electric’s own products and solutions and is expected to achieve about a 30 percent operating cost reduction in its first year.