SPI buys site

UK-based fibre laser designer and manufacturer, SPI Lasers, has purchased its 8.1 acre Rugby-based manufacturing site from landlord, Kedaho Investments Ltd, in a deal worth £10.3m.The purchase will see SPI Lasers expand its manufacturing footprint in Rugby by approximately 100%, bringing its total usable space up to approximately 80,000 sq ft. Over the coming months the site will be the subject of a multi-million pound refurbishment with the express intention of utilising the additional space to accelerate SPI’s vertical integration programmes and further optimise manufacturing and production processes.
For further information www.spilasers.com