An industrial trade fair nearly 10,000 kilometers away in Hannover, Germany, had barely begun this week when it resulted in a financial bonanza for the central Mexican state of Querétaro, the recipient of 2.3 billion pesos (US $132.6 million) in new investment from several different European companies.
The combined investments are expected to generate 900 jobs, Querétaro’s state government said in a video posted on social media on Monday. And there could be more on the way in terms of investment and jobs, as Querétaro Sustainable Development Minister Marco Antonio del Prete Tercero has scheduled several more meetings at the prestigious Hannover Messe 2026, which runs through Friday, April 24.
¡Segundo día de estupendas noticias desde Alemania para #Querétaro!
Hoy anunciamos más proyectos de inversión que llegarán a nuestro estado, reconociendo el ecosistema económico, social e institucional que hemos construido juntos, y generando empleo para impulsar el desarrollo… pic.twitter.com/jleHsDKUY4
— Mauricio Kuri (@makugo) April 22, 2026
Leading the pack of investors was Siemens AG, an industry-oriented technology firm with a long presence in Mexico, which announced Monday that it will spend 1.3 billion pesos ($75 million) to expand its production capacity in Querétaro while creating 300 new jobs.
“Querétaro has become a key pillar for Siemens globally,” said Alejandro Preinfalk, the CEO of Siemens Mexico, Central America and the Caribbean. “This investment not only expands our production capacity but also strengthens our position to support our customers in their transition to more digital, sustainable and resilient industries.”
The investment will add to the 1.8 billion pesos ($104 million) Siemens had already earmarked for Querétaro, bringing its total announced investment over the past year to more than 3 billion pesos ($173 million), and solidifying the state as a key advanced manufacturing hub for the firm.
Governor Mauricio Kuri González confirmed that the total of announced investments so far is 2.3 billion pesos and specifically thanked, in addition to Siemens, Hansa-Flex, Vibracoustic and ZF Group.
Available information does not tie any of those companies to a specific investment amount, but Andreas Temmen, vice president of Steering Operations at the German firm ZF Group, which supplies advanced products and systems for automotive mobility, commercial vehicles and industrial technology, stated at Hannover that his company plans to launch new projects in Querétaro.
Meanwhile, Merlin Naisar, the general manager of Hansa-Flex Mexico, a German supplier of hydraulic solutions, said that launching operations in Querétaro has placed the company closer to its customers.
With reports from El Economista and Cluster Industrial
