Technology company Aptiv has said it is moving its global headquarters from the UK to Dublin.
The self-driving and connected car tech company has already recruited 150 people in IT, manufacturing, supply chain, finance, treasury and legal roles here.
Aptiv said it plans to grow its Irish workforce to 250 by the end of 2018 and will move into its new offices on Hanover Quay in Dublin city centre by the middle of the year.
Aptiv's technology is used in the development of autonomous vehicles and it focuses on developing active safety systems, electrical architecture, connected services and software necessary for automated driving.
It was part of the Delphi Automotive group, which split into two different parts - Aptiv and Delphi Technologies - in recent years.
Aptiv said that Dublin's favourable regulatory environment, the city's continued growth as a vibrant technology hub, and access to top universities as well as its public infrastructure were important factors in the company's decision to move its global headquarters here.
The company's move to Dublin is supported by the Government through IDA Ireland.
"With Ireland's strong pro-business environment, Dublin's talented workforce, and strong partners in government and the private and academic sectors, this vibrant city is one of the most attractive and appealing locations in which to operate," Kevin Clark, Aptiv's president and chief executive officer, said.
"As a result, Dublin is the right choice for our global headquarters. We look forward to becoming an employer and partner of choice in Ireland," he added.
The Minister for Business, Enterprise and Innovation, Heather Humphreys TD said the company's decision to relocate their global headquarters to Dublin is a great vote of confidence in Ireland and what we have to offer.
"Aptiv is at the forefront of innovation and technology and the establishment of their headquarters here will lead to the creation of quality jobs in the coming months and years," she added.
IDA Ireland's chief executive Martin Shanahan said Aptiv's decision to locate its strategically important global headquarters in Dublin is an excellent endorsement of Ireland attractiveness for high quality foreign direct investment.
"The company is building a strong team of professionals to drive its business from Ireland," he added.