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Industry News

Updated: July 8th, 2008 05:26 PM CDT

Axsys purchases new facility

Telegraph, The (Nashua, NH) (KRT)
via NewsEdge Corporation

May 6--NASHUA -- A Connecticut-based maker of high-end infrared cameras for border and port security has purchased the former Teradyne facility on Simon Street for $3.8 million, and plans to move its Billerica, Mass., and Salem employees into the building in October.

Axsys Technologies Inc. closed the purchase of the 78,000-square-foot building at 24 Simon St. on April 26, according to Scott Conner, the company's senior vice president.

"We're excited to move to Nashua," Conner said Friday. "We have a lot of employees who live in New Hampshire, and we wanted to maintain those tax benefits for those employees."

The manufacturer has just under 200 employees between the Salem and Billerica locations.

The fact that Nashua offers many nearby hotels and restaurants was also a plus, Connor said. "We like that it's right on Route 3, which is a major route, for visibility."

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