RALEIGH – Tech company ABB will add 400 jobs to its Mebane operations, officials announced Wednesday.

Gov. Roy Cooper said the expansion would create $1 billion over the next 12 years.

The company will invest nearly $40 million to build a 200,000-square-foot building and to upgrade machinery.

The expansion is backed by $4.3 million in incentives from the state.

The company, based in Switzerland, moved its U.S. headquarters to Mebane from Connecticut because of North Carolina’s universities, proximity to a customer base and quality of life, said Franklin Sullivan, an ABB local division manager.

ABB currently has 1,400 employees in the Triangle, according to the Triangle Book of Lists.

After the expansion, the company will have more than 3,000 employees in North Carolina, Sullivan said.

Durham Technical Community College will offer job training to area residents, said Orange County Commissioner Renee Price.

ABB focuses on electrification, industrial automation, motion and robotics and discrete automation.

The expansion comes as it stops production in Lake Mary, Florida, the company said.