SPI Lasers UK Purchases Rugby UK Site
SOUTHAMPTON, England, Nov. 29, 2018 — Fiber laser developer SPI Lasers UK Ltd. has purchased an 8.1-acre Rugby-based manufacturing site from its landlord, Kedaho Investments Ltd., in a deal worth £10.3 million ($13.2 million). The purchase will expand SPI’s manufacturing footprint in Rugby by approximately 100 percent, bringing its total usable space up to approximately 80,000 sq ft. Over the coming months, the newly acquired site will be the subject of a multimillion pound refurbishment with the intent to utilize the additional...