CMR has signed an agreement to develop its new 42,000 square foot UK headquarters in the outskirts of Cambridge. Based in the newly developed Evolution Business Park, the site will accommodate its rapidly growing, highly skilled team.

CMR will house its entire company – including engineering, research, manufacturing, clinical and commercial teams – under one roof. The space will also include laboratories, test and final assembly facilities and a demonstration operating room.

The move reflects the accelerated growth rate the company has experienced, more than doubling in size in the past year. It now employs more than 140 people in Cambridge and expects to grow significantly again in 2018.

Martin Frost, CMR’s Chief Executive Officer, said: “Cambridge is the innovation capital of Europe so it’s an ideal place for us to build our next generation product; one that will bring the benefits of minimal access surgery to millions of people worldwide.  There are few places in the world where you can find all the skills you need to develop and commercialise such an exciting medical device as the Versius robot, but the UK, and more specifically Cambridge, is definitely one of them.

“This is a significant infrastructure investment in CMR, reflecting the momentum of the company, the confidence of its shareholders and the global market demand for Versius.”

CMR expects the new building to be complete within a year.