US firm Graebel Companies has announced it is setting up a new services and operations centre in Dundalk, Co Louth with the creation of 125 jobs over the next three years.

The investment is supported by the Government through IDA Ireland.

Graebel, which is headquartered in Denver in Colorado and has a workforce of 800 around the world, provides workforce and workplace mobility services for major companies in 165 countries.

The company's new Europe, Middle East and Africa financial shared services and operations centre in Dundalk will provide a broad range of finance functions, including general ledger, treasury and compliance, as well as customer support roles.

It also will serve as an additional operations centre in Europe to support Graebel's EMEA headquarters in Prague.

"Ireland gives Graebel a strong gateway to the European market. Our location in Dundalk will allow us to better serve our international clients and their employees' needs, as we provide our duty of care that is central to our values," commented the company's CEO Bill Graebel.

"We look forward to working with the Irish Government and IDA to further grow our business internationally and create jobs in Ireland for many years to come," the CEO added.

Speaking at the launch of the new jobs, Tánaiste and Minister for Enterprise Frances Fitzgerald said that it was a real vote of confidence in Dundalk and in the region.

She said that it was really important that they had an international company announcing these new jobs in Dundalk.