A currently Chicago-based company has announced it will move its North American headquarters to Boston.

Veolia, a global environmental solutions and optimized resource management company, announced the headquarters will be located at the company’s downtown Boston offices. Approximately 50 jobs are expected to relocate to the area over the next five years.

“We believe that Massachusetts and the Greater Boston area, with its commitment to sustainability and growing a knowledge-based, innovation-driven economy, is a perfect fit with Veolia’s mission of ‘resourcing the world,’” William J. DiCroce, Veolia North America CEO, said in a statement. “The region is an exceptional hub for talent, innovation and creativity, and it has a rock-solid commitment to sustainability. These qualities mirror the future we envision for Veolia as we develop new ways to meet today’s environmental challenges.”

“Our administration is proud to welcome Veolia North America and their pioneering, creative, and diverse workforce to Massachusetts,” Gov. Charlie Baker said in a statement. “The commonwealth’s innovative economy, top universities and leadership in addressing environmental and energy challenges make it the type of place a global company like Veolia can flourish.”

During 2016, personnel currently based in Veolia’s downtown Chicago headquarters who do not move to Boston will transition to the company’s Lombard, Illinois offices.