According to a report from the BBC, more than 100 jobs could be created after the expansion of Unit Engineers and Constructors Ltd with significant positive knock-on effect on suppliers and sub-contractors in Wales.
More importantly, the company expects its overseas trading activity to significantly increase to make it one of the leading exporters in Wales.
For those of you who follow this site, Unit was the fastest growing firm in Wales in 2009.
Led by the irrepressible Bill Ledwood (pictured), the company has grown by 978 per cent in the period 2006-2008, and currently employs 167 people.
Read the interview with Bill following last year's Fast Growth 50 awards here.
Its latest development sees it expanding its base through the purchase of the Midlands-based firm Birwelco Ltd and Unit forecasts an annual turnover of more than £50 million for its acquisition by 2013.
Congratulations to Bill and his team and given the fantastic response to this year's competition, we will hopefully see more good news from fast growing Welsh businesses over the next few months.
