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Express Engineering has bought Burdon, the North Yorkshire-based precision engineering firm with 76 staff, out of administration for undisclosed terms.
Express Engineering is looking to expand the 300-strong workforce at its Tyneside-based manufacturing business with an unspecified number of new jobs for turners, millers and engineers.
Express Engineering is creating about 12 jobs at a new 20,000 sq ft extension to its factory in Gateshead.
Express Engineering has bought Northern Precision Engineering out of administration, securing the future of about 40 jobs in Wallsend.
Express Engineering is to invest £3.2m in the expansion of its precision components factory in Gateshead, and the 125-strong workforce will rise by 40 over the next two years.
Express Engineering is planning to recruit more than 100 workers at its special-purpose equipment factory in Gateshead over the next two years, following a £5m investment.