Global Watson IoT Headquarters

IBM will spend up to $200 million to build its Watson IoT headquarters, which will be set in Munich, Germany.

The Armonk, N.Y.-based company said its new headquarters is in response to "escalating demand from customers who are looking to transform their operations using a combination of IoT and Artificial Intelligence technologies."

IBM said it has 6,000 clients globally who are tapping Watson IoT solutions and services, up from 4,000 just eight months ago.

"Germany is at the forefront of the Industry 4.0 initiative and by inviting our clients and partners to join us in Munich, we are opening up our talent and technologies to help deliver on the promise of IoT and establishing a global hotbed for collaborative innovation," said Green, in a statement.