Altair purchases Troy building for expansion of Ilumysis LED lights

Altair Engineering took a major step forward with its plans to grow Ilumisys this week with the purchase of a 136,000-square-foot building in Troy that will become the new headquarters for the LED lights subsidiary.

Altair Engineering employs about 1,400 people worldwide, including 500 at its Troy world headquarters. Of those, seven work directly at Ilumisys, but Altair Engineering expects to grow staffing to 200 within the next three years. The new building is expected to facilitate all of Illumisys' operations and growth and then some.

"The facility is much larger than we intended to purchase," says Mike Kidder, vice president of corporate marketing for Altair Engineering. "But it's in an ideal location for us."

The new facility is on Indusco Court and sits on nearly nine acres. Altair Engineering expects to renovate it over the next year so it can house Ilumisys' headquarters, R&D, and manufacturing operations. There will be some space left over when all of the work is said and done.

"We're still brainstorming what we want to do with the extra space," Kidder says.

Source: Mike Kidder, vice president of corporate marketing for Altair Engineering
Writer: Jon Zemke

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Altair purchases Troy building for expansion of Ilumysis LED lights

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