The Skye medical device designer and manufacturer, Gaeltec, has been saved from administration.
The London-based, Digitimer, has agreed to buy the company for an undisclosed sum.
The company will be renamed Gaeltec Devices and Digitimer hopes to re-employ most of the 12 staff at Dunvegan on Skye.
Gaeltec was forced into administration in March after failing to pay a tax bill.
The company has been designing and making medical pressure measurement equipment since 1971.
Digitimer was established in 1972 and also designs and manufactures electronic equipment for medical and research applications.
Digitimer's managing director, John Smale said: "I am particularly excited by this opportunity to re-vitalize a business that is important to us and our customers, as well as making use of the expertise that exists within Gaeltec.
Digitimer said it has plans to develop Gaeltec's product range and would increase marketing.