20 jobs saved as a buyer is found for part of West Lothian computer firm
Adminstrators have found a buyer for part of a computer firm in Livingston which went bust with the loss of more than 300 jobs.
The Chinese company, Broadex Technologies is taking over the Planar Lightwave Circuits division of Kaiam in a move which secures 20 jobs, although the firm does hope to expand in the future.
The deal follows a two-month sales process.
Joint Administrator, Blair Nimmo, said: “We are very pleased to have concluded the sale of Kaiam Europe’s PLC division to Broadex UK – a sale which preserves 20 highly-skilled jobs and knowledge within Scotland.
"The new owners have expressed a keen desire to grow the PLC business, which could lead to new jobs being created.
"We wish the new owners every success.”
Wei Zhu, CEO of Broadex Technologies Co Ltd added: "We are excited to have the opportunity of acquiring this world class manufacturer and working with talented engineers to re-establish this place as a PLC powerhouse.
"This Livingston site has historically made significant contributions to the development of PLC technologies.
"We intend to make this place the centre of technological innovations again by new investment and adaption to new market conditions.
"We are committed to making this happen.