A group of four companies is making a major investment in Midland.

The Savant Group, comprised of Savant Labs, Tannas Company, King Refrigeration and the Institute of Materials, will build a new headquarters along Bay City Road to the tune of $10 million. The 53,000 square foot facility will house laboratory testing, manufacturing, research, technical training and administrative space. The building will also include space for the Center for Quality Assurance and a new machine shop.

More than 85 employees will work in the site, situated on 30 acres, with plans to increase job creation by 40 percent over several years. Construction is scheduled to be finished by 2021.