Southborough

The end of the month will mark the end of the road for TechSandBox, the Hopkinton business incubator founded at Becker College four years ago.

The office vacancy rate for the MetroWest 'boroughs -- Northborough, Southborough, Westborough, Marlborough -- and surrounding towns hit 20 percent in the second quarter.

Southborough-based electric vehicle technologies provider Sevcon will be acquired for $200 million by Michigan auto parts supplier BorgWarner.

TechSandBox is closing its doors at the end of July due to a lack of sustainable funding, the Hopkinton incubator announced Tuesday afternoon.

Sevcon, Inc. of Southborough has acquired the remaining 50 percent equity interest in a Chinese joint venture for $5 million, allowing Sevcon to capitalize on opportunities in China, a rapidly growing market for two- and four-wheel electric vehicles.

The vacancy rate for industrial space in the 'boroughs area of MetroWest -- Northborough, Southborough, Westborough, Marlborough -- hit an all-time low of 10.5 percent in the first quarter.

The merger of Marlborough Savings Bank and North Middlesex Savings Bank was made official on April 1. The two longtime banks first said last July they planned to merge, and earlier this year they unveiled the new name and logo for Main Street Bank.

Neil Rogers, the executive chef of Niche Hospitality Group, has left to be the kitchen operations manager of the Worcester Regional Food Hub, a commercial kitchen facility for food startups.

Software company Globoforce has opened its new 55,000-square-foot Framingham headquarters after a move from Southborough.

Sullivan Insurance Group, Jericho Road and The Bridge of Central Massachusetts have all made recent hires or promotions.