Romax Technology, an engineering company backed by Fidelity’s Moonray Investors, has moved into new premises at the University of Nottingham’s Innovation Park [pictured].
Romax said it hopes to create around 100 new jobs in Nottingham and the UK over the next three to five years and it had been growing at 20% per year.
Romax currently employs 105 staff in the UK. The 3100m2 premises will have offices, a training suite and laboratory space.
The cost of the development is £5.6m, and the university will lease the premises to Romax for 10 years initially.
Moonray backed Romax earlier this year.