UK based fibre laser designer and manufacturer, SPI Lasers, has purchased its 8.1-acre Rugby based manufacturing site from its 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 per cent, bringing its total usable space up to approximately 80,000Sq Ft.
Mark Greenwood, SPI Lasers’ CEO commented, 'This is great news for SPI as it gives us the freedom to continue to grow and develop our product lines; ensuring we remain committed to providing our customers with the highest quality products and service. As leaders in the field of fiber laser manufacturing and innovation it is important we have the space to grow, acquiring this facility means we can do just that. 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.'
Over the coming months the newly acquired 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 programs and further optimize their manufacturing and production processes.
This announcement follows in the wake of SPI’s growth at their Southampton HQ and increased presence in China and the USA; their focus on providing the highest quality lasers and customer service being a clear driver in their ongoing expansion strategy.