Item 2. Properties
Item 2. Properties
Our principal owned and leased properties as of December 31, 2021 are listed in the table below.
Location
Principal Use
Current Segment
Approximate Space (in Square Feet)
Owned/Leased
Bedford, Massachusetts
United States
Manufacturing, R&D, Marketing, Sales and Administration
Photonics, Precision Motion & Corporate
147,000
Leased; expires in 2031
Apex, North Carolina
United States
Manufacturing, R&D, Marketing, Sales and Administration
Precision Motion
138,000
Leased; expires in 2028
Ludwigsstadt
Germany
Manufacturing
Vision
105,000
Owned
Wackersdorf
Germany
Manufacturing, R&D, Marketing, Sales and Administration
Photonics
68,000
Owned
Mukilteo, Washington
United States
Manufacturing, R&D, Marketing, Sales and Administration
Photonics
63,000
Owned
Syracuse, New York
United States
Manufacturing, R&D, Marketing, Sales and Administration
Vision
55,000
Leased; expires in 2029
Suzhou, Jiangsu Province
People's Republic of China
Manufacturing, R&D, Marketing, Sales and Administration
Photonics, Vision & Precision Motion
55,000
Leased; expires in 2023
Additional manufacturing, research and development, sales, service and logistics sites are located in California, Connecticut, Florida, Michigan, New York, and Oregon within the United States, and in China, Czech Republic, Germany, Italy, Japan, Mexico, Spain and United Kingdom. These additional facilities cover approximately 530,000 square feet, of which approximately 420,000 square feet are leased and approximately 110,000 square feet are owned. These facilities are used by our Photonics, Vision and Precision Motion segments.
We consider our facilities suitable and adequate for the purposes for which they are used and do not anticipate difficulty in renewing existing leases or in finding alternative facilities. We believe all our properties have been properly maintained.
Item 3. Legal Proceedings
The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. See Note 17 to Consolidated Financial Statements for additional information about legal proceedings involving the Company.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.