Market Leads & Opportunities
£15m investment to create new HQ and jobs revealed
A US manufacturer of high-performance fibre lasers has invested £15m in Coventry’s Ansty Park, where it will create a new 50,000 sq ft UK headquarters and 30 new jobs.IPG Photonics has said it will allow the company to play a role in accelerating laser-based manufacturing in the UK, while bringing new innovations and solutions to its growing, global customer base.The site is expected to open by 2020.The new base will create 30 jobs in the areas of electronic and mechanical production, robotics and laser processing.The investment from IPG Photonics will include maintaining and upgrading its partnership with the Manufacturing Technology Centre (MTC).Homes England sold the 4.2-acre site in Ansty Park, to IPG Photonics in June 2018.
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