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Inverness Medical Innovations has acquired BBI Holdings, the diagnostic tests manufacturer with sites in Cardiff, Swansea and Dundee, for £84m.
Inverness Medical Innovations of the US is to spend £60m setting up a diagnostic health products manufacturing and research business in Stirling, with the creation of 500 jobs.
Inverness Medical has won permission from Highland Council to expand its biomedical production plant in Inverness, raising hopes that 450 new jobs will be brought to the site.
Inverness Medical is seeking permission to double the size of its base in Inverness, due to rising demand for blood glucose diagnostic systems, which could lead to an increase in the 800-strong workforce.