Type
Reshoring
Country
Luxembourg
Reshoring from
Italy
Reshored business function
Region
Location of affected unit(s)
Sector
Information / Communication
Information Service Activities
Information Service Activities
63.9 - Other Information Service Activities

20 jobs
Number of planned job creations
Job creation
Announcement Date
21 November 2017
Employment effect (start)
Foreseen end date
1 March 2017

Description

Docler Holding is a multinational enterprise in the fields of entertainment, technology, personal development and luxury/lifestyle, headquartered in Luxembourg, with more than 1,000 employees worldwide. The company announced that it had relocated the main engineering and commercial development activities to Luxembourg from Italy after acquiring the Italian start-up Streamago (specialised in social networks). Actually the relocation took place in early 2017, but Docler Holding did not want to communicate with Streamago before a thoroughly review of their technology support has taken place. Now that the acquisition is done, the company is proud to announce that the relocation of activities of this start-up in Luxembourg has created 20 jobs. Most of them are developers and salespeople. 'We have started to integrate our state-of-the-art streaming technology and Streamago application expertise"'said the CEO and co-founder of Docler Holding, 'This allows us to create new business models based on the technology we have been developing for over 17 years.'


Sources

Citation

Eurofound (2017), Docler Holding, Reshoring in Luxembourg, factsheet number 92, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92.