Up to 40 new jobs will be created over the next three years in Adelaide after the announcement that French cyber tech company, Squad, will establish itself at Lot Fourteen.
South Australia Premier Steven Marshall said the company’s decision to move to Lot Fourteen is an endorsement of the state’s burgeoning defence, space and cyber sectors.
“Eric Guillerm, the chairman of Squad, and I have had many discussions about a move to Adelaide, and I’m delighted they have made the decision to come to Lot Fourteen,” said Premier Marshall.
“This announcement is another major vote of confidence in our state’s high-tech and high-growth industries. National and international organisations are choosing South Australia to tap into our defence, space and cyber industries, creating a pipeline of jobs for decades to come."
Minister for Trade, Tourism and Investment, David Ridgway said the announcement is yet another coup for the precinct.
“We’ve seen such rapid development here on the old Royal Adelaide Hospital site, with national and international investment flowing through,” said Minister Ridgway.
“Companies like Squad provide a boost to the high-tech and high-growth ecosystem we’re growing down here at Lot Fourteen. This demonstrates a promising future for our state.”
Squad co-founder and CEO Marc Brua said the company was thrilled to be making the move to South Australia.
“To make that first step abroad, for a foreign company like Squad, is no easy feat; so, support programs such as a landing pad, which enable us to land and begin hiring and integrating locally, are imperative to our longer-term success,” Brua said.
“Squad announced a 2024 Strategy in July this year which sets out strategic ambitions focusing on international markets.”
Squad's international director, Antoine Hautin, also confirmed that the move is the first phase of the company’s internationalisation and will serve as a gateway to the Asia-Pacific region in the longer term.
“Today, we have around 10 to 15 consultants in Australia providing high level expertise on several defence projects. To keep growing, we will have to work closely with local partners, including high education institutions,” Hautin said.
“Our chairman, Eric Guillerm, has had several instrumental meetings with Premier Marshall over the past years, which have led to the choice of Adelaide as the place for our headquarters in Australia where we know companies benefit from strong support from the state government.
“International companies should be looking seriously at Australia for their international development. Australia’s Future Submarine Program contract is having a direct positive impact on the South Australian business environment – and Squad’s decision to settle in Adelaide is an example of this.”