Deal with China company
Sale of Kaiam division offers some light in jobs gloom
Kaiam workers lost their jobs just before Christmas
One of the divisions of the Kaiam electronics components company in Livingston, which fell into administration before Christmas, has been sold to its biggest customer, a China-based conglomerate.
Broadex Technologies UK has acquired Planar Lightwave Circuits, a manufacturer of silicon wafers for telecoms and data uses. The deal includes the premises in the town from where it will continue to trade, securing 20 jobs. About 300 workers lost their jobs at Kaiam Europe on Christmas Eve.
Broadex UK is a newly-formed company within Broadex Technologies, a Shanghai-headquartered manufacturer of integrated optoelectronic devices. Broadex Group was Planar’s biggest customer.
Blair Nimmo and Alistair McAlinden of KPMG, joint administrators of Kaiam Europe and Kaiam UK, concluded the sale after a two-month search.
Mr Nimmo said the sale which preserves 20 highly-skilled jobs and knowledge within Scotland. “The new owners have expressed a keen desire to grow the PLC business, which could lead to new jobs being created. We wish the new owners every success.”
Wei Zhu, CEO of Broadex Technologies, said: “We are excited to have the opportunity of acquiring this world class manufacturer and working with talented engineers to re-establish this place as a PLC powerhouse.
“This Livingston site has historically made significant contributions to the development of PLC technologies, and we intend to make this place the centre of technological innovations again by new investment and adaption to new market conditions. We are committed to making this happen.”