TDK Corporation has announced that TDK-Lambda UK is continuing to invest heavily in its North Devon manufacturing and research and development facility.
The decision to invest further is fuelled by TDK-Lambda's future plans for product development and demonstrates its confidence in UK manufacturing.
"Purchasing the freehold of our Kingsley Avenue facility in Ilfracombe puts TDK-Lambda in a great position to continue working towards our long-term plans and goals," said Phil Scotcher, general manager at TDK-Lambda UK.
"Also we have significantly expanded our research and development department floor space by 41%, and are recruiting additional engineers into the TDK-Lambda design team, to enable us to accelerate new product developments.
"These investments clearly demonstrate our confidence in both UK manufacturing and research and development."