Cresset Grove LLC
An illustration of what the redeveloped building at 65 Grove Street would look like submitted when the project was in front of the Planning and Zoning Boards. The project was approved and the renovation has been completed.
Markem-Imaje announced it will be creating a new global innovation center in Watertown which will focus on industrial laser marking and printing products and have 40 employees.
The company is a subsidiary of Dover Corp. and will be moving into the recently remodeled building at 65 Grove St., according to Assistant Town Manager Steve Magoon. The building was previously was home to GE Ionics.
The company chose Watertown because of its close proximity to the top engineering talent in the universities and high-tech businesses in the Boston area, while still being close to another engineering hub – the New York metro area, and to the company’s United States headquarters in Keene, NH, according to an announcement about the move.
They will work on laser marking and inkjet technology used to print information, such as barcodes and other key data, onto products and packaging, the company said in the announcement.
“Our customers need to print efficiently on a range of surfaces from the very food people eat to tiny pipes on mission-critical defense equipment. They rely on us to develop the safest, most efficient and reliable way of printing their information where it is needed,” said Bart Verlinden, Vice President of Research & Development at Markem-Imaje in the announcement. “Our Watertown investment will help us deliver cutting-edge innovations even faster and more effectively than before. It also demonstrates our continued commitment to exploring new technologies and creating innovative ways to deliver the best available product marking and traceability solutions to our customers.”
The company will make a $5 million investment in the new 14,000 sq. ft. facility, according to Markem-Imaje. Construction is planned to start in April and be finished by July, according to the announcement.
The company will not likely have to go before town board for approvals of its construction, Magoon said, unless major changes are made to the building.
In January 2017, Bosch Thermotechology Corp. announced it would move its North American headquarters to 65 Grove St.
International Company Moving into Redeveloped Building on Grove Street