Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Ilumisys Expanding LED Lighting Division in Troy, Michigan

09/20/2010
Altair Engineering, a global software and technology company, has purchased a 136,000-square-foot facility in Troy, Michigan. After a renovation, the company plans to locate its subsidiary, ilumisys, at the site. Ilumisys develops and produces next-generation solid-state lighting.

"The new facility will enable Altair to boost our growth in high-tech markets and remain a long-term global player firmly headquartered in the state of Michigan," said James R. Scapa, chairman and CEO of Altair. "The city of Troy and Oakland County, which have housed our corporate headquarters for more than 23 years, offer industrial facilities that are flexible and ideal for companies like Altair to expand and grow."

Earlier this year, the Michigan Economic Growth Authority (MEGA) awarded ilumisys a $4 million tax credit to expand its research and development of LED lighting and boost its manufacturing in the state. Ilumisys will also invest $7.4 million in the project.

Exclusive Research