More jobs could become available in Ashford as a Japanese firm expands its manufacturing operations in the town.
Ceramic and electronics component manufacturer Maruwa has just acquired plant, machinery and intellectual property from Midlands-based Sarantel Limited, which went into administration in June.
It is expected the move will expand Maruwa’s manufacturing work at its European headquarters in the Orbital Business Park, Ashford.
Maruwa manufactures ceramic and electronics components in Kent
Sarantel manufactured antennae equipment for telecommunications devices until it ceased trading this year.
Maruwa were advised on the acquisition by Maidstone-based law firm Brachers.
Partner Sean Gorman said: “This acquisition is a significant step in Maruwa’s ambitious plans to grow their operations in Europe.
“The additional plant and machinery will help them build on operations at their Ashford site, and demonstrates their commitment to invest in the Kent headquarters of their European operations.
“The deal had a number of complexities and required significant negotiation, especially in relation to the intellectual property acquired.”