Austria-based Steinbauer Tuning Technologies has moved its U.S. subsidiary from Chicago to southwest Charlotte.
A press release from the Charlotte Chamber of Commerce says Steinbauer has bought a 4,200-square-foot office-warehouse condo unit at 364 Crompton St. near the Westinghouse Boulevard interchange with Interstate 77.
Steinbauer develops and manufactures electronic modules for the vehicle aftermarket, such as add-on systems that increase the power and fuel efficiency of diesel engines in agricultural equipment and other heavy vehicles.
Steinbauer has four employees in Charlotte, including software and Web-design specialists. The chamber press release says the company plans to add staff as U.S. sales grow. The company also is considering adding product assembly and manufacturing operations in Charlotte, the chamber said.
“We compared many cities across the U.S., and Charlotte had everything we needed and more: a good international airport, affordable cost of living and taxes and an excellent support network for international businesses,” the company’s marketing manager, Sherie Jones, said in a statement. “We couldn’t have chosen a better city.”
Joey Godbold of Charlotte-based Percival McGuire Commercial Real Estate represented Steinbauer in the real estate transaction. Mike Kirby of Charlotte-based Southeast Commercial Real Estate Group represented the seller.