Expected to be completed by Jan. 1, the merger would see DCU, the largest credit union in Central Massachusetts, and First Tech form a $28.7-billion credit union, according to a Tuesday press release from DCU.
The lab is expected to open for more than 250 employees in early 2028, the Healey administration said. The Marlborough site will consolidate existing facilities in Maynard and Sudbury under one roof.
The lab, located at 260 Cedar Hill St., will serve as a hub for the company’s research efforts as it works to convert carbon dioxide into degradable, high-performance polymers.
Marlborough-based firm IPG Photonics is launching a high-energy laser defense system designed to tackle the growing threat of unmanned aerial systems.Â