Fiber laser maker SPI Lasers purchases Rugby manufacturing site
This purchase will see the fiber laser company expand its manufacturing footprint in Rugby by approximately 100%.
Fiber laser designer and maker SPI Lasers (Southampton, England), a wholly owned subsidiary of Trumpf (Ditzingen, Germany), has purchased an 8.1-acre manufacturing site in Rugby, England, in a deal worth £10.3 million (over $13.1 million). This purchase will see the company expand its manufacturing footprint in Rugby by approximately 100%, bringing its total usable space up to approximately 80,000 sq. ft.
"The facility allows us to focus not just on enhanced manufacturing capabilities, but also R&D—ensuring our products remain at the forefront of fiber laser technology," according to SPI Lasers' CEO Mark Greenwood.
Over the coming months, the newly acquired site will be the subject of a multi-million-pound refurbishment with the express intention of utilizing the additional space to accelerate the company's vertical integration programs and further optimize their manufacturing and production processes.
SPI Lasers' manufacturing site in Rugby.
For more information, please visit www.spilasers.com.