The firm has also submitted planning applications to extend three of its plants in Gloucestershire.
Renishaw has signed contracts to acquire a Bosch motor parts plant in Miskin, which offers 461,000ft2 of factory space, including a 10,000ft2 cleanroom facility, on a 193-acre site. Bosch is transferring its Miskin operations to Hungary and the purchase will be completed on 30 September.
Renishaw is Gloucestershire’s largest business employer, with more than 1,550 staff based at its five sites in the county.
‘Whilst it is too early to say exactly what products will ultimately be manufactured in Wales, any employment created at the site will not be at the expense of permanent jobs in Gloucestershire,’ said Sir David McMurtry, Renishaw’s chairman and chief executive.
Renishaw supplies products for applications from jet engine and wind turbine manufacture to dentistry and brain surgery.
‘This is a rare opportunity to acquire a high quality manufacturing facility in a location that has excellent transport links and a local population with skills relevant to our business,’ added McMurtry.
Renishaw is in discussions with Stroud District Council regarding a possible extension to its headquarters site at New Mills near Wotton-under-Edge, where it is seeking modifications to existing planning consent to allow a phased development of up to 225,000ft2.
The company is also discussing further applications for a 50,000ft2 extension to its healthcare products facility at Charfield, and a 35,000ft2 extension to its machine shop at Stonehouse.
‘The new site acquisition and proposed expansions to our Gloucestershire facilities are a necessary part of ensuring for the longer term that we can continue to prosper and create high quality jobs in the UK,’ McMurtry said.