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Signum Circuits, the Selkirk-based telecoms company, has been bought out of receivership by a management buy-out for undisclosed terms, saving 94 jobs.
Signum Circuits is planning to create a further 100 jobs in Selkirk over the next 12 months, as it takes over the former Viasystems site.
Signum Circuits is to recruit a further 40 staff at its electronics factory in Selkirk.
Signum Circuits, the Selkirk-based printed circuit boards company, has bought Kam Circuits of Wiltshire out of receivership.
Signum Circuits, the printed circuit board company, is planning to take over the former Exacta factory in Selkirk and more than double its turnover with the creation of 50 jobs.