ESCRYPT GmbH is building its new German headquarters on the site of the former Opel plant in Bochum-Laer. Construction is scheduled for completion in early 2022.
Escrypt was founded in 2004 as a spin-off at Bochum Ruhr University and has been part of the Bosch Group since 2012. Due to its enormous growth, the currently 110 jobs in Bochum could triple in the next few years. "IT security is an extreme growth market," explains CEO Thomas Wollinger.
With around 8,200 square meters, the security technology company has purchased a much larger area than necessary for the construction of the new company headquarters. This leaves room for other Bosch companies or for further expansion if Escrypt's growth continues as expected. Up to 2,000 new jobs could be created here.
The state of NRW has so far provided more than 60 million euros in funding for the preparation of the former Opel site. "With the settlement of Escrypt, the city of Bochum can strengthen its profile as a top location in the field of IT security throughout Europe," said Christoph Dammermann, State Secretary of the NRW Ministry of Economic Affairs, Innovation, Digitalization and Energy. The change from old to new industry is clearly visible here.