CPP Global Holdings, a British specialist automotive group, said it is buying the site of the former Browns Lane Jaguar factory in England.
CPP, which is co-owned by Russian businessman Vladimir Antonov, said it will consolidate its automotive operations on the site in Coventry in the British Midlands.
The company currently carries out component manufacturing, body-in-white engineering, prototype vehicle production and low-volume vehicle assembly in five locations in Coventry.
In January, CPP bought Bowler, a manufacturer of all-terrain supercars. It is negotiating to acquire Spyker Cars from Saab owner Swedish Automobile NV.
CPP, which employs 250 specialist technicians and craftsmen, also has a joint venture with the Italian Zagato brand, responsible for projects such as the 2008 Bentley Continental GTZ and 2011 Aston Martin V12 Zagato.
Jaguar closed Browns Lane in 2005, moving production of the XJ sedan and XK coupe to its nearby plant in Castle Bromwich.