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Southborough

Honeywell acquires Ballard’s drone division in Southborough

Charlotte conglomerate Honeywell has acquired the Southborough-based unmanned aerial vehicle (UAV) subsidiary of Vancouver, BC-based Ballard Power Systems, Inc. in a deal to see the two companies collaborate on fuel cells in the future.

Framingham insurance firm acquired by Ohio company

Framingham’s M.P. Caplice Insurance Group has been acquired by The McGowan Cos. of Fairview Park, Ohio, for an undisclosed amount.

Insurance firm to take up 20K sq. ft. in renovated Southborough building

An insurance, employee benefits and human resources solutions firm will consolidate area offices into a new 20,000-square-foot space being renovated in Southborough.

🔒In Worcester County, some neighborhoods were already facing decline

While the economy was growing into the longest economic expansion in the nation’s history, most Worcester County neighborhoods missed out – not only failing to capture rising income and attracting new residents but even going backward in many cases.
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Marlborough development firm pays $3.5M for Southborough offices

Ferris Development, a Marlborough real estate investment firm, has paid nearly $3.5 million for a pair of office buildings on Route 9 in Southborough.

Southborough’s Virtusa to be acquired for $2B by Asian firm

Information-technology company Virtusa, based in Southborough, will be acquired by financial services firm Baring Private Equity Asia in an all-cash purchase of all outstanding shares of common stock valued at $2 billion.

Southborough Cadillac dealership pays $2.6M for its Route 9 site

A Cadillac automotive dealership on Route 9 in Southborough has bought its property for $2.6 million.

Inc. 5000 honors 11 Central Mass. fast-growing businesses

Almost a dozen Central Mass. companies were named to Inc. magazine's 2020 list of the 5,000 fastest-growing companies in the world.
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Virtusa operated $200K in the red for the quarter, as revenues fell 6%

Information technology company Virtusa, based in Southborough, reported a $193,000 loss in its net income for the company's first quarter, according to an earnings report issued Thursday. 

Q&A: CommCan co-owner lauds the benefits of local cannabis ahead of expansion

The Commonwealth Cannabis Company in Millis, a woman- and family-owned operation known by the abbreviation CommCan, is preparing to triple its manufacturing capacity and hire 50 new employees.
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