The UK based fiber laser designer and manufacturer, SPI Lasers, has today confirmed it 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%, 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.

about SPI Lasers

SPI Lasers, a wholly owned subsidiary of the TRUMPF Group, is a leading designer and manufacturer of Fiber Lasers for use in materials processing applications in a wide range of industries. Our technology solves manufacturing problems; it moves the boundaries of what is possible, making good products better and enabling new designs. Headquartered in Southampton, United Kingdom, SPI Lasers has been operating since 2000. SPI Lasers sells its products globally, and has its major business operations, including research and development, and manufacturing, in the United Kingdom, with additional sales and customer support locations in Asia and North America. For more information please visit www.spilasers.com or for information on TRUMPF www.trumpf.com