Dutch Tech Firm TMC lands in Mexico City, Attracted by the Country’s Nearshoring Boom

Dutch technology firm TMC landed in Mexico City, with plans to hire 250 workers in the country over the next five years.

Based in the city of Eindhoven, TMC acts as an R&D center for corporate firms. The bulk of the company’s revenue currently comes from engineering services in robotics, software, life sciences and data science.

TMC is also known for its careful hiring process. The company treats employees as partners with whom it shares profits, so it is extra picky in regards to who is let on board.

Pierre-Antoine Adam, the newly appointed CEO of TMC Mexico, noted that while European industries are becoming saturated, Mexico offers growth opportunities, particularly in high-tech backend and R&D services for sectors like automotive, aeronautics, life sciences, and energy.

Mottrie told Mexican media that Mexico’s emergence as a growing nearshore hub for both manufacturing and services attracted the firm to the country. CEO Emmanuel Mottrie described Mexico as an “increasingly important factory for the United States.”

TMC reported US$230 million in revenue for 2023 and aims to reach half a billion dollars by 2028, with a workforce of 5,000 engineers.